# Professor Lawrence White examines the financial services industry's continued reliance on ratings

1 Faculty News December 28, 2015 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/articles/2015-12-28/three-big-credit-raters-maintain-dominance-of-grading-business) -- "'Changes in the market won’t happen overnight,' said [Larry White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), a professor of economics at New York University’s Leonard N. Stern School of Business. 'You also have to remember, that these companies’ reputations may have been besmirched in areas such as mortgages and structured finance, but not necessarily in markets like corporate bond issuance.'"

[Read more](http://www.bloomberg.com/news/articles/2015-12-28/three-big-credit-raters-maintain-dominance-of-grading-business)