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The 'big three' credit rating agencies questioned by UN for their 'subjectivity'

Tuesday, October 13th 2015 - 07:26 UTC
Full article 10 comments

Credit ratings agencies have been questioned by the United Nations Conference on Trade and Development (UNCTAD), who says they favor countries with a certain ideological bent. Read full article

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  • Brasileiro

    Institutions that have a little more representation always in tune actions and values in line with South America.

    If the world were a single country, the West would be the ISIS.

    Oct 13th, 2015 - 09:51 am - Link - Report abuse 0
  • bushpilot

    Always listen to the UN! Don't listen to those biased ratings agencies, their “ideologies” have made their ratings unrepresentative of the real world.

    One only has to look with their own eyes and ignore those biased ratings and they will see the real truth of things. The following countries are in reality doing quite well currently and people should invest in them. Nobody knows about them because they are being hidden by those evil ratings agencies. Invest early!

    Brazil
    Argentina
    Venezuela

    Oct 13th, 2015 - 12:38 pm - Link - Report abuse 0
  • Conqueror

    What a strange situation. Wouldn't we expect a UN report to be presented first to the UN? “Pablo Bortz” sounds like an argie. Does anybody know who or what he is?

    Here's a strange statement from him “There’s a marked ideological bias and that’s a notorious problem for Argentina when you compared the ratings of the last years with those of the 1990s. There have been big downgrades despite clear improvements in debt sustainability figures,” economist Pablo Bortz, who presented the report last week in Buenos Aires, told Noticias Argentinas.

    Perhaps the credit agencies take into account other factors. Like there's Indec (Illegitimate No_truth Devious Economic Criminals) that just makes figures up according to what the “government” wants. The 10-12 years argieland has spent trying to evade its debts. The lies such as the Kirchner assertion about argieland's level of poverty. Just knock 20% off, why don't you?

    Corruption, criminality and murder are the “values” of south america. Particularly brazil.

    Oct 13th, 2015 - 01:25 pm - Link - Report abuse 0
  • Brasileiro

    Meanwhile, China continues to support us in our endeavors. BRICSA is the alliance of the twenty-first century.

    http://www.brasil247.com/pt/247/economia/200681/Petrobras-fecha-financiamento-de-US$-2-bi.htm

    And the Economic and Military Alliance is very close.

    http://www.brasil247.com/pt/247/economia/200681/Petrobras-fecha-financiamento-de-US$-2-bi.htm

    Oct 13th, 2015 - 01:53 pm - Link - Report abuse 0
  • Captain Poppy

    Man....someone really IS fucking the brains out of Brasshole's asshole. Tobi.....did you buy a dildo?

    Oct 13th, 2015 - 02:11 pm - Link - Report abuse 0
  • Brasileiro

    @5
    If you want my attention, you should discuss with me with arguments that oppose to mine. Your insults make me have a bad impression of you.

    https://www.youtube.com/watch?v=oMCZn7Fj64o&list=FLmXPTu1f8AdGlizWNiASx2A

    Oct 13th, 2015 - 02:36 pm - Link - Report abuse 0
  • Captain Poppy

    Now is it just me, or do we have a NEW troll filling in for El Stupdio de Tonto? However, tobi still uses youtube like El Gran De estupido tonto uno.

    Oct 13th, 2015 - 04:23 pm - Link - Report abuse 0
  • Brasileiro

    In Portuguese: VAI CHUPAR LIMÃO

    https://www.youtube.com/watch?v=8DmraSOdTYk

    Oct 13th, 2015 - 04:33 pm - Link - Report abuse 0
  • Captain Poppy

    Still pretending to be a Brazilian? You'll end up with YB tobi.

    Oct 13th, 2015 - 04:46 pm - Link - Report abuse 0
  • LEPRecon

    Yes it's true. They favour countries with a certain 'ideological' bent.

    They do favour countries that believe in paying back their debts and not defaulting on them.

    They favour countries that believe in telling the truth about their current economic status, even when it's bad.

    Oh wait, that isn't favouring them, that is just telling the truth. Investing in a country that honours it's debts is safe.

    Investing in a country that borrows money with the intent of never paying it back and doesn't honour it's debts isn't safe.

    So like any good credit ratings agency they just tell the truth and leave it up to the investors to decide. They aren't political. That's what Argentina and it's cronies can't understand. Not everything is about politics. Another thing Argentina can't understand is that you can't force an economy to run in line with political ideology.

    The Soviets tried this and their economy imploded. The Chinese realised that Communist ideology can't sustain an economy, and changed their way of doing business.

    The socialist countries of South America, especially Venezuela and Argentina, are trying the Communist model of attempting to force the economy to match their political ideals.

    It doesn't work.

    I've explained this to tobi before, but he either won't or more likely can't understand. The world economy evolved to be the way it is because this is the only way it can work. It wasn't the US or the UK or any European nation pushing an agenda, it is market forces at work. And those market forces have been at work ever since the very 1st barter system was in place and the dawn of humanity, with “I'll give you this sack of grain for a leg of beef.”

    The world economy is an evolving thing. It cannot be constrained by ANY political ideology. And when countries try to do that is when they fail. Just like Argentina and just like Venezuela.

    Oct 14th, 2015 - 06:40 am - Link - Report abuse 0

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