The pursuit of profit enabled by a conflict of interest must not get in the way of rating integrity
Just picture this situation: A senior ratings professional in a credit-rating company is asked to leave on grounds of non-performance, even though the real reason is that the person is not flexible with ratings. The decision is a human resources one, and hence no one can complain. The board says it is an internal issue with no room for debate. Hence a strong message is sent down the line for analysts to comply. Such a situation is not inconceivable, though rare, and points us to the broader issue of business management and ethical ratings.