Leading credit ratings agencies under fire

JAPAN - Japan's Ministry of Finance has taken aim at the world's leading credit ratings agencies - Moody's, Standard & Poor's and Fitch - in a strongly worded letter that accuses them of lacking objectivity and calls into question the reliability of their decisions.

Japan was stung recently after S&P downgraded Japanese government bonds by a notch to AA-, the lowest among the Group of Seven nations, while Moody's is threatening to reduce the country's credit rating to the same level as Botswan

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: