The problems that the financial market have been facing in the last months made the group Lehman Brothers close three of the main investment founds. The official reason for the end of these founds were that in crises times it becomes much more difficult to get credits in the financial market.
But many specialist in financial market are saying that the main reason for the end of these founds is the ratings given by the ratting agencies. In last months, many Lehman Brothers founds were downtrend by the agencies what made their founds looses high amounts of value.http://www.valor.com.br/valoronline/Geral/financas/Internacional/Lehman+Brothers+liquida+tres+fundos+de+investimento,,,22,4873646.html?highlight=&newsid=4873646&areaid=22&editionid=1984
This kind of news just proves the importance of the ratting agencies in the financial markets. Even if the market knows that this ratings are just a way to estipulate the real risk of one asset, their effect are one of the most important thing when the investor is choosing where he should put its money.