Well, internationally, this is not the only product that failed to perform. Many products that were rated by various rating agencies failed to perform. That's point number one.
Second, what I've certainly learned is that whenever you see rating agencies disagreeing, it's time to pay attention. If you have rating agencies with very different views...and in the last month I've seen another case of that with a different product, primarily in the U.S., where four rating agencies were involved. Two were agreeing on a high rating and two were saying it didn't deserve that high rating. It's a huge red flag that I think, going forward, people need to pay more attention to.
So plenty of improvement is called for on a number of fronts, and rating agencies are the focus of a lot of review and study internationally. The SEC announced last week certain changes that it wants to see, and of course DBRS would be paying close attention to that.