Column: Paul Taylor
Ratings downgrades reflect a decline in creditworthiness, not an admission that the ratings were wrong in the first place. But that doesn't mean the rating process can't be improved. Paul Taylor
Attacking the competence and value of credit rating agencies has become a popular pastime. Presenting a counter argument to this criticism from within one of the accused without appearing overly defensive or self-serving is a challenge. However, the unbalanced or inaccurate nature of some of this criticism merits a response
Global bank ratings have been under pressure in the face of unprecedented market upheaval. Ratings have drifted down as credit fundamentals have suffered, but widespread and
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