Tuesday 21 February 2017

Seamus Coffey: Downgrades another bump on a long road that seems to have no turning

Published 18/01/2012 | 13:41

THE resolution of the eurozone crisis hit another bump on the road with the raft of soverign debt downgrades announced by ratings agency Standard & Poors last Friday. These downgrades were not a very well kept secret and really don’t tell us anything we don’t already know.

  • Go To

THE resolution of the eurozone crisis hit another bump on the road with the raft of soverign debt downgrades announced by ratings agency Standard & Poors last Friday. These downgrades were not a very well kept secret and really don’t tell us anything we don’t already know.

One of the purposes of ratings is to provide a snapshot guide to people who do not have the time to investigate the complete details behind a particular investment. This is useful for the myriad of funds and securities that are now in existence. No individual investor or fund manager would be in a position to analyse them all.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Read More

Don't Miss

Editor's Choice