Downing Street Says » Credit ratings agencies

» Monday, August 15, 2011

Credit ratings agencies

Asked how much credence the Prime Minister and Chancellor give to credit ratings agencies, the PMS replied that credit ratings agencies provide analysis and information to markets. Put that the policies of various governments were predicated on making sure that their credit rating was not downgraded, the PMS responded that ultimately the issue was whether people were willing to lend money to particular Governments. The PMS added that they were increasingly less willing to lend money to certain Governments and that this was reflected in the high interest rates faced by those countries.

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