The South African Civil Society Information Service

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

3 Mar 2014

“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 this bold talk, Heuser shares her vision for a non-profit ratings agency that would bring more equality and justice into the mix.

© TED

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You can find this page online at http://sacsis.org.za/site/article/1934.