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Rating Agencies Are Seen As Threat
People ♦
Published: December 7, 2011; 17:08 ♦ (Vindobona)
The governor of the Austrian Central Bank, Ewald Nowotny, attacks S&P. For the head of the economic research institute IHS, Bernhard Felderer, the negative outlook must be seen as a warning signal.
Rating Agencies Are Seen As Threat / Picture: © Flickr / Ryan H
For Nowotny, the “action of Standard & Poor´s only worsens the situation”. This would already have a certain tradition. Moreover, the governor of the Austrian Central Bank (OeNB) regards the threat of a downgrade as “politically motivated action”. “In my opinion, the rating agencies want to put pressure on politics. I think that this is unfounded and dangerous from a…
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