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Article: Latin American Finance Ministers Bash New York Credit Rating Agencies.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 27, 1998
- Author:
CopyrightCOPYRIGHT 1998 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Sep. 27--Latin American economic chieftains have bashed the credit-rating Titans of New York in recent weeks in a rare display of bare-fisted attacks on these venerable Wall Street institutions.
Moody's Investor Services in particular, but all the ratings agencies in general, have come under attack since Moody's downgraded the outlook for Brazil and Venezuela in early September in the wake of the financial turmoil roiling emerging markets. It also announced that Argentina and Mexico were under review.
Such a downgrade from the agencies that rate the credit-worthiness of corporate and national -- called ...