BRICs_logo_850_468_s_c1.jpg Home Page News Page BRICS and their Own Credit Scores Credit Rating Agencies have been a lot in news ever since the US Subprime Mortgage Crisis 2007. Later, Europe blamed them for making matters worse for individual countries by downgrading Greece and Cyprus to ‘junk’ status. Over a period of time, over-reliance on ratings has been a cause of worry to many. The biggest players in the credit rating market are known as the Big Three: Standard & Poor’s, Moody’s and Fitch. They form a large share in the global credit rating market (roughly 95% in 2013) Credit Rating Agencies have been a lot in news ever since the US Subprime Mortgage Crisis 2007. Later, Europe blamed them for making matters worse for individual countries by downgrading Greece and Cyprus to ‘junk’ status. See Also links url: http://www.economywatch.com/features/A-2014-Health-Report-on-BRICS.12-10-14.html Title: A 2014 Health Report on BRICS See Also type: Reference read more
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