Do Country Ties of Credit Rating Agencies Matter in the Sovereign Rating Process?

Do Country Ties of Credit Rating Agencies Matter in the Sovereign Rating Process?

Worse ratings by U.S. rating agencies for European sovereigns no argument for European rating agency The predominant Credit Rating Agencies (CRAs) Moody’s Investor Services (Moody’s), Standard and Poor’s (S&P), and Fitch Ratings (Fitch) have been criticized by leading European politicians for taking an anti-European perspective during the European sovereign debt crisis. At the same time, […]