Tag Archives: ratings agencies

Three cheers for the IMF, the EU, and the ratings agencies!!!

Hungary’s new constitution came into force on January 1.  This was not good news. Engineered by Prime Minister Viktor Orbán’s Fidesz party, the new constitution has a number of unsavory elements. The Constitutional Court, which serves as a check on … Continue reading

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See no evil, hear no evil, and, if you are a ratings agency, speak no evil

You don’t have to look too far to find nutty policy proposals. One of my favorites is  Herman Cain’s suggestion that Congressional bills be limited to no more than three pages. Another, reported in recent days by both the Financial … Continue reading

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Glad I don’t work for a ratings agency…..

The Financial Times reports today that Portuguese banks have lashed out at Fitch Ratings after the rating agency repeatedly downgraded the banks over their funding and liquidity risks. According to the report: Banco Espírito Santo said it was terminating its … Continue reading

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