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credibility: Latest News

  • BRICS Members Divided On Creating Their Own Credit Rating Agency, Worry About Credibility

    BRICS credit rating agency By Staff, 3:04 pm

    Efforts to set up a BRICS credit rating agency hit a roadblock Sunday. China is concerned and not in favor. Some members worry about lack of credibility and access to dependable data as they take on Wall Street’s Big 3 — S&P, Fitch and Moody’s. Fraud charges against South African Finance Minister Pravin Gordhan have raised fears the country is moving closer to a junk rating by Wall Street credit ratings services.

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