Friday, July 22, 2011

German rating agency

I recently talked about rating agencies, and it turns out that there is one in Germany, though it is hardly known – and lo and behold, the German one has a different rating for the US. If you can read German, this press release (PDF) from June 8 announces that Feri has changed its assessment of the US from AAA to AA.

I can't really assess this, but as I stated in my previous post, I also cannot understand why the big three US-based rating agencies give countries like Greece and Portugal (much less Ireland, which has actually turned things around) such a bad rating while the US remains AAA.

If anyone knows of any other rating agencies in the EU, I'd be interested in hearing about them.

1 comment: