A PYMNTS Company

Did Credit Rating Agencies Cause the European Sovereign Debt Crisis?

BY | January 28, 2014

This article is part of a Chronicle. See more from this Chronicle Rosa Abrantes-Metz, Jan 28, 2014 It must not be easy being a rating agency. Where corporate debt is…

This article is part of a Chronicle. See more from this Chronicle

Rosa Abrantes-Metz, Jan 28, 2014

It must not be easy being a rating agency. Where corporate debt is concerned, the major credit rating agencies are said to be too slow and lagging the market. When the topic is structured finance, the agencies are said to inflate ratings to attract business. And when the subject is European sovereign debt, those same agencies are said to be suddenly too conservative, issuing aggressive downgrades

...
THIS ARTICLE IS NOT AVAILABLE FOR IP ADDRESS 3.236.116.27

Please verify email or join us to access premium content!