Moody’s

Balls should have told Osborne that MIRs are all b**** anyway..

Mick Fealty on February 25, 2013, 5:35 pm

| Readers 42

One of the great services the credit crunch is the revelation that Market Implied Ratings (as plied by Moodys, Standard and Poors and Fitch) are a reactive instrument, followed by a wet thumb in the air before telling us what the markets already know. Not exactly a load of balls, but something Ed Balls who picked a fight with the Chancellor because, erm, he got a black mark from Moodys ought to have treated with his own professed contempt. Here’s …

Euro crisis: “It is a debt crisis but a crisis, too, of legitimacy.”

Pete Baker on September 14, 2011, 3:43 pm

| Readers 8

Credit ratings agency Moody’s has downgraded two major French banks ahead of crisis talks between President Nicolas Sarkozy, German Chancellor Angela Merkel, and Greek Prime Minister, George Papandreou. BBC business editor, and still everyone’s hero, Robert Peston explains why. And Greece isn’t their only concern. Nor are they the only ones taking an interest. [Adds – More on the interest elsewhere]. The Guardian’s business blog is live-blogging today’s events… And, even though they “know how difficult a treaty change will be”, that’s precisely what …