The three major credit rating agencies, S&P, Fitch, and Moody’s came under fire on July 18, 2020 at the G20 meeting of finance ministers. The only woman finance minister, Nirmala Sitharaman in the group picked up the cudgel against the rating agencies by...
Moody’s decision not to downgrade Italy’s international sovereign ratings from Baa3, despite ongoing data to show otherwise, sparked a strong rally in Italian debt and was supportive for the rest of the euro zone bond markets. Italy’s 10-year government bond...
