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0 pointsjohnchristopher13y ago0 comments

So if I read correctly it's a US organisation, controlled by the SEC, giving european countries, UE and other structured financed products (is that novlangue for "country" ?) a note to estimate the financial credit reserve of said products.

Are there such european credit rating agencies giving notes to California or Kentucky ? We never hear about those on this side of the ocean :(

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digitalengineer13y ago

There are plans to set up European Agency's. Mainly to add balance to the US colored ratings.

For now you could also check the Chinese Rating Agency: "The Dagong Global Credit Rating Company, which lowered the United States to A+ last November after the U.S. Federal Reserve decided to continue loosening its monetary policy, announced a further downgrade to A, indicating heightened doubts over Washington's long-term ability to repay its debts." http://edition.cnn.com/2011/BUSINESS/08/02/china.us.rating/i...

Funny, communists lowering a credit rating because it's too socialist (Keynes and loose money policy).

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