Off Belay forum


View latest messages in My Forums
This topic has been archived, and won't accept reply postings.

Topic - Credit Rating Agencies - Liabilty?

Dominion - on 22 Mar 2013
I see that rating agency Fitch are possibly about to downgrade the UK's Credit Rating - which is probably a self-fulfilling prophecy, given that the market's will react to Fitch's suggestion...

But I wonder, in light of the Crisis in Cyprus - which is apparently mostly because Cypriot Banks invested in Greece - whether the Rating's Agencies could be liable for the debt's run up by the Cypriot banks, because the Rating Agencies were giving Greece a blatantly incorrect Credit Rating?

Rather than trying to squeeze money out of people who have savings in Cypriot Banks, should the Cypriot Government be suing the Ratings Agencies that gave a - knowingly? - false report on the Economy of Greece?

?


||-)
... not showing 3 replies to this topic ...
Register as a New User or login to gain full access to the forums. Registration is quick and completely free.
If you are definitely logged on, press Ctrl+F5 keys to reload this page [read more]

Unregistered users can only read messages in the most recent topics.
ads.ukclimbing.com

This topic has been archived, and won't accept reply postings.

My Forums