# Prof. Thomas Cooley's research on credit ratings is cited

1 Faculty News March 17, 2014 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloombergview.com/articles/2014-03-17/ratings-agencies-told-investors-what-they-wanted-to-hear) -- "In this paper we show how credit ratings have value in equilibrium and how reputation insures that, in equilibrium, ratings will reflect sound assessments of credit worthiness."

[Read more  ](http://www.bloombergview.com/articles/2014-03-17/ratings-agencies-told-investors-what-they-wanted-to-hear)