Tag Archives: Fimalac

John Ward – Credit Ratings: The Hidden Persuaders Behind Fitch – 15 March 2012

Marc Ladreit de Lacharriere….’malign mercenary’

Recent decisions analysed by The Slog (AKA John Ward)

Fitch was first to cast doubt upon France’s credit rating, first to upgrade Greece after last week’s debt-swap, and yesterday put Britain on negative outlook for its AAA status. Can we be sure these decisions are truly objective? One hugely notable feature of the last twelve months has been the growing campaign by indebted sovereign politicians to mouth off against the ratings agencies, but as ever this reflects only the petulance of thos who back into the spotlight of life. Continue reading

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