ABSTRACT
This chapter examines the vehicles that deliver ancillary services, namely Moody's Analytics and S&P Capital IQ. 'Ancillary services' is a term used loosely to describe services that credit rating agencies offer in addition to their rating services. The pressure created by the Sarbanes-Oxley Act had resulted in a mass selling of highly focused advisory services. The most obvious conflict that comes with ancillary service provision is based upon the notion of 'pressure'. The theory of economic rent is, arguably, directly applicable to the ratings industry. One issue that consistently arises when researching the credit rating industry is that of moving into controversial realms. The public is in real danger of being subjected to another rating industry-facilitated financial malfunction that would make mass austerity measures and a general reduction in social wealth the norm rather than a once-in-a-generation event.
