Sovereign Ratings ‘r’ Us

Couldn’t bear to write more here about ratings agencies — I’ve written about what cock-ups they are many times — so I didn’t. Having said that, I don’t disagree with the downgrade, which mostly tells me some European downgrades better follow quickly.

Here is a chart

via Reuters

Related posts:

1. The U.S., Botswana, and the Trouble with Sovereign Credit Ratings
2. Top Sovereign Credit Ratings League Table
3. Sovereign Defaults, Greece, etc. — A Live Chat
4. S&P Says Prioritized Payments Means Downgrade
5. Profile of S&P’s Lead Sovereign Guy, David Beers