Moody’s acquisitions are a setback for the development of alternative rating agencies to compete against the monopoly of the ‘big three’.
African countries need to find a way to present a common front to the rating agencies.
Credit ratings have an impact on government, as well as ordinary people. This article was first published last year as South Africa faced a possible downgrade.
The credit-ratings agencies are already circling to cut the UK’s grade if it votes to leave the EU. Here’s how their calculations work, and what we should do about it.