Which of the Following Is True of Credit Rating Agencies

Which of the following is true of credit rating agencies?

A) The credit rating agencies were prompt in recognizing the riskiness of the mortgage-backed securities that were at the center of the financial crisis.
B) The credit rating agencies were widely criticized for failing to appreciate the risks associated with the collateralized debt instruments.
C) Credit rating agencies are government-owned companies.
D) The ratings issued by the credit rating agencies have always been accurate in their risk assessment.