The South African Civil Society Information Service
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
A nonprofit news agency promoting social justice. Seeking answers to the question:
How do we make democracy work for the poor?
“The way we rate national economies is all wrong,” says rating agency reformer Annette Heuser. With mysterious and obscure methods, three private US-based credit rating agencies - Moody’s, Standard & Poor’s and Fitch - wield immense power over national economies across the globe and the outcomes can be catastrophic. Presently there is complete lack of transparency about how ratings agencies rate countries and companies.
But what if there was another way?
In...
