Italy can stand the US rating agencies’ meaningless degrading

Last Friday the Fitch rating agency downgraded Italy’s long term creditworthiness to “BBB+” from “A-“, with negative outlook. The American firm did that with a delay of many days after the Italian elections, citing as reason the unconventional results of the vote. It is important to note however that capital markets themselves, after the initial […]

The three US financial war fleets

  The three American creditworthiness “musketeers”, Standard and Poor’s, Moody’s and Fitch are the modern times landing crafts that Washington employs whenever the US want to debark on the European financial shores. Over the past years every time that the Eurozone is about to make a crucial decision to solve or at least alleviate the […]

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