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Moody Blues; The British Economy
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 406 no. 8825 (Mar. 2013)
,
page 11-12.
Topik:
International
;
Economic Conditions
;
Ratings & Rankings
;
Market Research Firms
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.75
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The surprise about Britain's first-ever credit-rating downgrade--by Moody's on February 22nd--was not that it happened, but how little effect it had. That was partly because the markets were expecting it and partly because the rating agencies themselves have been downgraded: the fact that they gave their imprimatur to toxic assets in the bubble years has tarnished their reputation. Investors such as pension funds no longer blindly follow ratings in deciding what to buy and what to avoid. Together with the fact that America and France are already in the second tier Britain now occupies, that explains why the downgrade did not trigger the automatic sell-off it once would have. Sterling fell slightly--but so did gilt yields, as investors took fright from the Italian elections .
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