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The New Cold War Will Be Fought With Finance
[StratRisks] Russia and China have been jolted by the three big established American credit rating agencies, Standard & Poor's (S&P), Moody's and Fitch, whose ratings currently dominate financial markets. The agencies rate credit worthiness of both states and companies. Their grades play a decisive role in determining the conditions under which money can be borrowed on the markets.Answering the politicization of the US agencies. Posted by: Uncle Phester 2014-06-14 |
| http://www.rantburg.com/poparticle.php?ID=393154 |