Keyword: Fitch

The Three Rating Agencies with the Power to Make or Break Economies

Picture: welt.de Video “The way we rate national economies is all wrong,” says rating agency reformer Annette Heuser. With mysterious and obscure methods, three private US-based credit rating agencies - Moody’s, Standard & Poor’s and Fitch - wield immense power over national economies across the globe and the outcomes can be catastrophic. Presently there is complete lack of transparency about how ratings agencies rate countries and companies. But what if there was another way? In...