Bank of Mum and Dad…

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  • Bank of Mum and Dad…
  • b r
    Member

    Ratings agency Standard and Poor’s has raised the credit rating of Greece’s sovereign debt by six levels, praising the “strong determination” of fellow eurozone countries to help it stay as a member state.

    http://www.bbc.co.uk/news/business-20773955

    joao3v16
    Member

    It’s been raised 6 levels, but is still low enough to be classed as junk.

    jota180
    Member

    I’m sure it’s quite easy to raise your rating as long as you’re prepared to sacrifice a generation

    DrJ
    Member

    If only it was just a generation. It is for the future as far as the eye can see, and the death of democracy in Greece.

    Premier Icon scaredypants
    Subscriber

    Out of idle interest, why don’t these ratings agencies just **** off ?

    seems to me they’re even shitter than the banks – the financial equivalent of putting your head out of the window and saying “yeah, it’s raining”, then calling yourself a weather forecaster. Who needs them to explain that Greece is a bit of a risk ?

    * Caution: I am not actually an international banking expert 😳

    Premier Icon MSP
    Subscriber

    The ratings agency’s seem to be more a case of the tail wagging the dog.

    geetee1972
    Member

    * Caution: I am not actually an international banking expert

    Clearly

    Clearly

    Oh, I don’t know, if I was a European Finance Minister, that’s just the sort of concise, insightful analysis of the situation that I’d be looking for.

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