FT
Bankers’ talks on curbing rating agencies
CFO forum to debate limiting data available to big three raters in wake of behaviour in crisis, putting potential new rivals on an level playing field
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THE GLOBE AND MAIL
Video: Flaherty on Ontario and the credit rating agencies
The Finance Minister sits down to talk with Globe and Mail reporter Tara Perkins
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THE GLOBE AND MAIL
Moody's downgrades Ontario credit rating
One of the world's major credit rating agencies has downgraded Ontario, citing its swollen debt burden and the challenges of meeting its fiscal targets.
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The Guardian
UK government meets borrowing target for financial year
Public sector net borrowing, excluding effect of banking bailouts, rose to £18.17bn last month, from £17.95bn a year agoThe British government borrowed more than expected last month, but still managed to meet its target for the financial year.City economists said the high March shortfall highlighted the pressure on the chancellor to stick to his austerity measures, especially as the credit rati...
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APA-OTS
AK Tumpel: "Ratingagenturen auf ihre eigentliche Dienstleisterrolle zurückstutzen"
Utl.: AK unterstützt Kampagne "Stop Rating Agencies" =
Wien (OTS) - Das blinde Vertrauen auf externe Ratings kann als
einer der Hauptauslöser der gegenwärtigen Krise bezeichnet werden.
"Die teils dubiosen Gütesiegel haben auf den Finanzmärkten zu einer
Kultur der kollektiven …
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AP
Dutch FM flies home to discuss future of austerity
AMSTERDAM (AP) -- The Dutch finance minister has flown home early from an International Monetary Fund meeting to discuss the future of austerity measures torpedoed by euro-skeptic lawmakers and to reassure rating agencies he wants to put his country's budget back on track....
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Times of India
Fiscal fears return with rating review
The government may be putting up a brave face on the fiscal situation, but is wary of adverse comments from rating agencies that kick off a review of the Indian economy on Tuesday.
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FT
Former Vinashin chairman jailed
Executives at the state-owned shipbuilder have been punished for scandal that led rating agencies to downgrade Vietnam’s sovereign debt
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Daily Mail
BUDGET 2012 VIEW: Osborne fails to deliver a growth Budget
What the rating agencies are concerned about is the ability of the UK to generate growth given the weak outlook for the eurozone economies
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Telegraph
Rating agencies found to be falling short according to EU regulator
Credit rating agencies Moody's, S&P and Fitch have been told to improve internal processes or face possible enforcement from the European Securities and Markets Authority.
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siliconindia
Some Tragedies of Public Sector Banks
by danendra jain Books are audited by incapable auditors, unwilled auditors and greedy Chartered accountants. In India where Chartered Accountants prepare balance sheet of a business not based on real performance in business but based on the need of finance proposed by businessmen, lending decisions are taken by bankers based on rosy balance sheets prepared by such greedy and corrupt CAs.Ba...
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China Daily
PBOC chief urges less reliance on ratings agencies
The governor of the People's Bank of China, Zhou Xiaochuan, said on Wednesday that major financial institutions should be less dependent on rating agencies, but rely more on their own rating judgments.
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The Nation
Status of ECAIs
KARACHI - The SBP has renewed the status of External Credit Assessment Institutions (ECAIs) of both the credit rating agencies namely M/s JCR-VIS Credit Rating Company Limited and The Pakistan Credit Rating Agency Limited operating in country for the calendar year 2012. It may be pointed out that standardized approach of credit risk under Basel-II requires banks/DFIs to use credit ratings ...
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Daily Mail
An independent Scotland may not get triple A status, rating agencies warn
Standard & Poor's, Moody's and Fitch have all hinted that a devolved Scotland should not expect to be handed the top rating, which could spell misery for Scottish borrowers.
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Irish Times
Transparency on debt ratings urged
Measures should be taken to boost transparency on how credit rating agencies rate sovereign debt, European Commissioner for internal market and services Michel Barnier said today.
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THE GLOBE AND MAIL
Heres an idea: Downgrade the rating agencies
The same organizations that stamped triple-A on the junk credit that brought us the financial crash are now handing out advice on the euro zone - for what its worth
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Huffington Post
Bernard-Henri Lévy: The Criminal Childishness of Those Who Believe in the Triple A
Could we be living in an era of such madness, one that has lost its compass and its points of reference to such an extent that this affair of one of the three major rating agencies' withdrawal of America's and then France's triple "A" has taken on such importance?
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New York Times
European Central Bankers Criticize Role of Rating Agencies
The heads of the European Central Bank and the Bank of England are urging investors to pay less attention to ratings downgrades of euro zone countries.
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Reuters
Congress presses rating agencies on MF Global
(Reuters) - Congressional investigators have launched an inquiry into the work of credit rating firms that examined MF Global Holdings Ltd's risky bets on European government bonds and whether they overlooked crucial information in their evaluations.
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Irish Times
Shooting the messenger will not solve debt crisis
It is easy to point the finger at rating agencies – but are they really the ones at fault?
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New York Times
Letter: S.&P., on Credit Risk
A Standard & Poor’s executive responds to an editorial about credit rating agencies.
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Reuters
China central bank chief: cut reliance on rating agencies
BEIJING (Reuters) - China's Central Bank Governor Zhou Xiaochuan said financial companies must cut their reliance on ratings agencies, and that China is considering setting up a system where investors pay for ratings, rather than bond issuers.
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Irish Times
France points finger at UK as downgrade threat increases
FRANCE APPEARED to be bracing itself for a credit rating downgrade as ministers hit out at rating agencies and insisted the country’s economy was healthier than Britain’s.
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Irish Times
Fitch warns six euro countries
Fitch Ratings, the third-biggest of the major credit rating agencies, today warned it may downgrade Ireland, Italy, and four other euro zone countries in the absence of a "comprehensive solution" to the region's debt crisis.
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Nikkei
Stocks: Fall On Rating Agencies' Eurozone Appraisal |
AP
Stocks fall as rating agencies knock euro deal
U.S. stocks are closing sharply lower after two rating agencies criticized a European fiscal pact announced last week that aims to ease the region's debt crisis....
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FT
Ford: moving into overdrive
Rather than waiting for the rating agencies, as some thought it might, it has signalled confidence by resuming a pay-out
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Pravda
USA's public debt grows to war level
In early December the ratio of public debt of the United States to GDP has reached 99.5%, which is the highest number since World War II. After placing another portion of the bonds at $160 billion, the U.S. will exceed this significant number. Rating agencies are willing to revise the U.S. credit scores
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Huffington Post
Federal Judge: Credit Ratings Not Always Protected Under First Amendment
(Jonathan Stempel) - A federal judge has said credit ratings are not always protected opinion under the First Amendment, a defeat for credit rating agencies in a lawsuit brought by investors who lost money on mortgage-backed securities.The November 12 decision was a little-noticed setback for McGraw-Hill Cos' Standard & Poor's, Moody's Corp's Moody's Investors Service and Fimalac SA's Fitch...
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USA Today
European debt crisis escalates in Italy as rates rocket
Rating agencies downgrade debt in Hungary and Belgium as borrowing rates in Italy, Europe's third-largest economy, skyrocket.
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Fortune
Moody's keeps U.S. credit rating in place
Two of the three major rating agencies have now decided to keep the United States credit rating in place, despite the congressional super committee's failure to reach an agreement on deficit cuts.
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New York Times
Europe Backs Away From Strict Control of Rating Agencies
Other proposals, if adopted, could allow a suspension of ratings on troubled countries and encourage investors to sue over mistaken ratings.
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BBC
EU targets credit rating agencies
The European Commission puts forward stricter rules for the credit rating agencies that rank countries' and companies' debt.
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# |
Countries |
MIX |
| 1 | United States | 3.790 |
| 2 | India | 2.070 |
| 3 | Canada | 0.430 |
| 4 | United Kingdom | 0.205 |
| 5 | Ireland | 0.100 |
| 6 | Singapore | 0.050 |
| 7 | Austria | 0.012 |
| More Countries >> |
# |
Media |
MIX |
| 1 | CNN | 2.000 |
| 2 | NDTV | 2.000 |
| 3 | CNBC | 0.500 |
| 4 | TIME | 0.300 |
| 5 | Houston Chronicle | 0.210 |
| 6 | Business News Network BNN | 0.160 |
| 7 | cbsnews | 0.140 |
| 8 | Guardian | 0.105 |
| 9 | The Irish Times | 0.100 |
| 10 | Sun Times | 0.100 |
| 11 | Sacramento Bee | 0.100 |
| 12 | economist | 0.100 |
| 13 | Washingtonpost | 0.100 |
| 14 | Denver Post | 0.100 |
| 15 | The Gazette | 0.080 |
| 16 | seekingalpha.com | 0.080 |
| 17 | Businesstoday | 0.060 |
| 18 | Times-Colonist | 0.060 |
| 19 | The Straits Times | 0.050 |
| 20 | The Globe and Mail | 0.050 |
| More Media >> |
# |
Languages |
MIX |
| 1 | English | 6.645 |
| 2 | German | 0.012 |
| 3 | Finnish | 0.000 |
| 4 | Chinese | 0.000 |
| 5 | Korean | 0.000 |
| 6 | Dutch | 0.000 |
| 7 | Arabic | 0.000 |
| 8 | Indonesian | 0.000 |
| 9 | Turkish | 0.000 |
| 10 | Italian | 0.000 |
| 11 | Spanish | 0.000 |
| 12 | Portuguese | 0.000 |
| 13 | Japanese | 0.000 |
| 14 | Romanian | 0.000 |
| 15 | Bengali | 0.000 |
| 16 | Greek | 0.000 |
| 17 | Danish | 0.000 |
| 18 | Zulu | 0.000 |
| 19 | Malayalam | 0.000 |
| 20 | Polish | 0.000 |
| More Languages >> |
# |
Lists |
| 1 | Micro Economic words |