Browsing: credit rating

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Are the Ratings Agencies Fit to Judge Us?

Moody’s has stripped the UK of its AAA credit rating, the first cut since the 1970s. An activist researcher says governments should do more to expose and prosecute misconduct and incompetence by the too-powerful ratings agencies.

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UK Credit Rating Downgraded

The UK has lost its AAA credit rating, with Moody’s cutting the rating to AA1. This is the first time the UK has had its rating downgraded since 1978, and as a result of expected “sluggish” growth over the coming years.