Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
In your view credit rating is "the dog" and market is "the tail"?

I ask the dog (market) to wag the tail (credit rating) not other way round.

As for Greece - beliefs that some nice aunty will back your cooked books full of debts is irrational to say the least.

If they play fairly than many developing nations's credit ratings should be in the junk category.

Yet, even after IMF bailouts they still enjoy A ratings from rating agencies.

So can be only one solution - dump the rating agencies for all purposes.

And, one more thing - I did not ask to "upgrade the debt" of developing nations as you said before. I asked for fair play and reflection of market conditions, not irrational "beliefs".

by FarEasterner on Mon Apr 26th, 2010 at 08:05:03 PM EST
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