Again .. Credit rating agencies
Abdul Mohsen Bin Ibrahim Al-Bader
Once again out on us and credit rating agencies the World (Moody's, Fitch, Standard & Poor's), specifically, the syndrome reduced credit rating, which affects the states more than the impact of wars, but this time the United States of America the mother country of the three most important indicators of credit rating around the world , and when we say the mother country because the talk was still big for the role of these institutions in the mapping of the global economy and help the international institutions and those behind it to change the course of events strange and different patterns.
This talk is not a spur of the moment, but is a modern extended since the establishment of the Agency's oldest Fitch in 1924, followed by several credit ratings around the world and there are dozens of agencies or institutions of half-life in the world, whether the ratings companies or at the level of classification of countries credit, but remained U.S. agencies three have the highest share of the''credibility''in the past decades at the global level depending on what I think of the impact of the U.S. economy in the global economy, even though there were many questions about its credibility in the global crises, especially in Asia at the end of nineties the calendar, but the questions the larger the credibility of these agencies were in the 2008 crisis, as revealed many secrets about the role of these institutions in the credit crisis that brought down the masks, and it seems to work the documentary Inside Job winning an Oscar in 2010 has given some light on what happened during the crisis and the role of institutions the credit rating, and the evident work of other agencies, credit rating credit rating is!!
Perhaps this is what caught my attention recently, is the decline in Moody's specifically about the threats to cut classification of the United States credit in case of failure of the legislature American agreement on raising the ceiling of U.S. debt, and before reaching an agreement has Moody's predicting the agreement was announced with news of falling vague for downgrade, even in the case of failed to raise the debt ceiling, and they trust that the United States will be able to put the steps right out of the debt crisis, and in my view that this event is an extension to the face and the rating agencies of the many questions about its credibility in the classifications and timing of these categories, especially in the sovereign debt of the States European and fed Europeans by fed up, and declared war openly on the rating agencies, the American three grounds that it lacks credibility in the classification of European countries, especially when turning classification Portugal is a strange and sudden increased by four degrees negative, which called on the German Finance Minister to declare openly and publicly that the time has come to break the oligopoly of rating agencies of America, and Europe must work on the existence of rating agencies new corresponding fluctuations abundance and suspicious about the performance of the three institutions, he said, the President of the European Union openly about the absence of rating agencies European and the role of rating agencies in drawing the economic conditions the European the worst.
If you see that history is repeating itself in view of the roles of suspicious (whether intended or unintended) to credit rating agencies in financial crises, global similar especially in the crisis of the Asian tigers in 1997 when the changed rankings most of the Asian countries from positive to negative within a few months, transforming countries of investment to the risky investment, as well as the failure of credit rating agencies to predict the future, even in a simple of what could happen.
Seems that the prospect of the global economy holds a lot of change in the centers of the players or in their roles, may be time to bring new players replace the agencies Altaatsnnif credit abreast of the economic picture of the world, whether that is a natural result of the tyranny of capitalism ugly and proof of the failure, or to be according to the marketers the conspiracy theory that there is a move from the global chess game, according to plans drawn in advance, and for us in this search.
Abdul Mohsen Bin Ibrahim Al-Bader
Once again out on us and credit rating agencies the World (Moody's, Fitch, Standard & Poor's), specifically, the syndrome reduced credit rating, which affects the states more than the impact of wars, but this time the United States of America the mother country of the three most important indicators of credit rating around the world , and when we say the mother country because the talk was still big for the role of these institutions in the mapping of the global economy and help the international institutions and those behind it to change the course of events strange and different patterns.
This talk is not a spur of the moment, but is a modern extended since the establishment of the Agency's oldest Fitch in 1924, followed by several credit ratings around the world and there are dozens of agencies or institutions of half-life in the world, whether the ratings companies or at the level of classification of countries credit, but remained U.S. agencies three have the highest share of the''credibility''in the past decades at the global level depending on what I think of the impact of the U.S. economy in the global economy, even though there were many questions about its credibility in the global crises, especially in Asia at the end of nineties the calendar, but the questions the larger the credibility of these agencies were in the 2008 crisis, as revealed many secrets about the role of these institutions in the credit crisis that brought down the masks, and it seems to work the documentary Inside Job winning an Oscar in 2010 has given some light on what happened during the crisis and the role of institutions the credit rating, and the evident work of other agencies, credit rating credit rating is!!
Perhaps this is what caught my attention recently, is the decline in Moody's specifically about the threats to cut classification of the United States credit in case of failure of the legislature American agreement on raising the ceiling of U.S. debt, and before reaching an agreement has Moody's predicting the agreement was announced with news of falling vague for downgrade, even in the case of failed to raise the debt ceiling, and they trust that the United States will be able to put the steps right out of the debt crisis, and in my view that this event is an extension to the face and the rating agencies of the many questions about its credibility in the classifications and timing of these categories, especially in the sovereign debt of the States European and fed Europeans by fed up, and declared war openly on the rating agencies, the American three grounds that it lacks credibility in the classification of European countries, especially when turning classification Portugal is a strange and sudden increased by four degrees negative, which called on the German Finance Minister to declare openly and publicly that the time has come to break the oligopoly of rating agencies of America, and Europe must work on the existence of rating agencies new corresponding fluctuations abundance and suspicious about the performance of the three institutions, he said, the President of the European Union openly about the absence of rating agencies European and the role of rating agencies in drawing the economic conditions the European the worst.
If you see that history is repeating itself in view of the roles of suspicious (whether intended or unintended) to credit rating agencies in financial crises, global similar especially in the crisis of the Asian tigers in 1997 when the changed rankings most of the Asian countries from positive to negative within a few months, transforming countries of investment to the risky investment, as well as the failure of credit rating agencies to predict the future, even in a simple of what could happen.
Seems that the prospect of the global economy holds a lot of change in the centers of the players or in their roles, may be time to bring new players replace the agencies Altaatsnnif credit abreast of the economic picture of the world, whether that is a natural result of the tyranny of capitalism ugly and proof of the failure, or to be according to the marketers the conspiracy theory that there is a move from the global chess game, according to plans drawn in advance, and for us in this search.
