Integrity of ratings agencies questioned : Interview with Matthew Allen
Date Issued
2012-07-30
Author(s)
Abstract
Debt-laden European countries have been given a rough ride and pushed further into trouble by the questionable actions of ratings agencies, according to a study on how sovereign credit worthiness is calculated.
Researchers at St Gallen University believe that the big three agencies have at best made mistakes in rating countries such as Greece and Spain, and in the worst case scenario systematically and deliberately manipulated the markets.
Researchers at St Gallen University believe that the big three agencies have at best made mistakes in rating countries such as Greece and Spain, and in the worst case scenario systematically and deliberately manipulated the markets.
Language
English
Keywords
financial crisis
debt crisis
euro crisis
rating agencies
sovereign debt
HSG Classification
contribution to practical use / society
HSG Profile Area
SEPS - Economic Policy
Refereed
No
Publisher
Swissinfo
Subject(s)
Division(s)
Eprints ID
216416