Not an all bad idea. Where where these agencies prior to the  2008 debacle?? Now the hedge funds and currency traders use the rating ammo to attack countries and currencies that would be perfectly solvent  at 1.5-2.5% interest rates. How many in Canada and USA would be insolvent at 7-10%?? How would Ontario govt. do with 10%?? These agencies create a vicious circle with their downgrades to the benefit of of the rich hedge funds and speculators/shorts while damaging millions of hard working ordinary world citizens .