Credit Agencies And Objectivity (Or The Lack Thereof)

... Ratings, a new global agency that was supposed to become an alternative. Naturally the BRICS nations have also brought up the question of creating a joint venture that will serve as an alternative source of credit ratings. The head of VTB, one of Russia’s leading banks, Andrey Kostin spoke to the Russia News Agency TASS about the idea. Mr. Kostin correctly pointed out, that the BRICS should be mindful, as the creation of such an organisation should under no circumstances be portrayed as ...