Rating the raters: the risks of reform
The European Commission has had it in for ratings agencies for some time. It misguidedly apportions at least some of the blame for the region’s sovereign debt woes on sovereign rating actions. Its revenge is an attempt to decrease the agencies’ influence. Some of its aims are good but cack-handed implementation may bring a whole new set of risks.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: