Tag Archives: moody’s

Taxpayers are looking increasingly exposed on the back of Co-op downgrade

This morning credit ratings agency Moody’s downgraded the Co-operative bank to Caa1. However the bank is still, as far as I am aware, open for business, despite the Prudential Regulation Authority (PRA) being told about the downgrade before the start of business today.

Posted in Sustainable Economy | Also tagged , , , , , , , , | 7 Responses

The Triple-A failure: Iceland and the failure of the rating agencies

Iceland is a good example of the fallibility of the rating agencies. During Iceland’s financial crisis, no one – and least of all the rating agencies – seemed to wonder why three banks from a tiny island with no history of banking could out-earn foreign banks despite borrowing at a relatively high cost.

Posted in Sustainable Economy | Also tagged , , , , | 1 Response

Credit downgrade takes centre stage in Scottish independence debate

While Westminster is absorbed by the difficulties facing Nick Clegg over allegations relating to the conduct of the former Lib Dem chief executive Lord Rennard, it remains the economy that will decide the result of the next General Election.

Posted in Sustainable Economy | Also tagged , , , | 1 Response

The loss of Britain’s triple A credit rating won’t make much difference

Sometimes, even abject policy failure doesn’t make much material difference. This is the paradox of the UK government’s loss of its AAA credit rating.

Posted in Sustainable Economy | Also tagged , , , , | 7 Responses

Three years of economic vandalism that have left the UK open to this triple-A debacle

The blame for the downgrading of the UK’s triple-A credit rating by Moody’s can be laid squarely at the door of the government.

Posted in Sustainable Economy | Also tagged , , , , | 26 Responses

Credit rating agencies beaten by a spreadsheet

Alex Hern reports on yet more news showing the uselessness of credit ratings agencies

Posted in Sustainable Economy | Also tagged , , , , | 33 Responses

Osborne’s austerity is failing at the one thing it’s supposed to do

Alex Hern explains lessons what we can take away from the Moody’s downgrade of the UK’s economic outlook.

Posted in Sustainable Economy | Also tagged , , , , | 27 Responses
  • YouGov Tracker

  • Touchstone Economic Tracker

  • Best of the web

  • Archive

7ads6x98y