the visible hand

it is the theory which decides what can be observed – einstein

credit rating opinions?

Posted by ecoshift on July 5, 2011

With credit ratings agencies essentially poised to reject refinancing plans for Portugal and Greece it may be well to remember who pays the agencies’ bills — and, of course, who will actually bear the brunt of their ratings downgrades.  

After all — as the Youtube clip below clearly points out — agency credit ratings are merely opinions and not meant to guide investment decisions…. Portugal’s Debt Rating Cut to Junk by Moody’s

Moody’s Investors Service cut Portugal’s debt rating to junk status on Tuesday, ratcheting up the pressure on euro zone governments to work out a lasting solution to their financial woes.

Inside Job: Ratings Agencies


2 Responses to “credit rating opinions?”

  1. Eric Kirk said

    So, what are they for?

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: