Friday, September 24, 2021

New research reveals credit rating agencies responded too slowly to COVID-19

The first study into the effect of COVID-19 on sovereign credit ratings found that rating agencies were slow to react to the pandemic's unprecedented economic and fiscal reverberations. The research raises questions about the timeliness and reliability of prominent creditworthiness measures, with potentially significant consequences for investors and for public debt and global financial stability.

source https://phys.org/news/2021-09-reveals-credit-agencies-slowly-covid-.html