After their involvement in the 2007 financial crisis, can credit ratings agencies be trusted? RussiaToday turned to Temple Fox School of Business professor Gary Witt, a former managing director at Moody's, for a discussion of ratings agencies' downgrading of some European Union members. "I wouldn't characterize it as saying they're telling these governments what to do. When you read it, they stick to, 'Look, this is what you did, and here's the problem with that,'" Witt said. "In this case, they're really just doing their job. They have made huge mistakes in the past, but I don't see this as one of them."