The premier credit rating agencies, most notably, Standard and Poor’s (S & P), Moody’s and Fitch, have embarked on an unsolicited ratings downgrade of the European continent. Recently, Greece, Portugal and Ireland have been assigned an unprecedented “junk status” ratings beginning in 2010. (Alessi, Wolverson & Sergie, 2013). In 2012, S&P continued with the downgrade, including such premier euro zone members as France and Austria in their financial analysis aimed at redeeming their credibility issues caused by the 2007 financial debacle. The “Big Three” credit rating agencies have been accused of inflating ratings on questionable debt securities that ultimately led to the subprime prime mortgage crisis. The question being asked by many in the international community, is whether the “Big Three” are being too conservative in their ratings of sovereign nations by ignoring cultural value in an attempt to correct their past mistakes? Can we teach business students effectively if the ratings process is viewed as a failure?