Credit Agencies And Objectivity (Or The Lack Thereof)
Creating a multipolar world - one can easily say that this is becoming the main priority of many emerging markets. But why? Taking into consideration that there is a structural imbalance in the current world order that permeates into almost all spheres of human life, it’s no surprise that the rising economic superpowers are not going to take this lying down. Nowadays, even the market of credit ratings has been tainted by political interests. The so-called Big Three credit rating agencies:...