US rating agencies unfairly downgrade developing countries & keep US ratings high – analysts


Standard & Poor’s (S&P), Moody’s, and Fitch Group are often accused of using double standards when assessing countries, companies and financial instruments. RT has talked to experts about this bias.

“It is absurd when Russia, a country with the fifth-largest reserves of physical gold, and with gold reserves of $450 billion, had a rating lower than the investment grade and close to the junk status of some Latin American countries with a much less reliable level of protection of the financial system,” analyst at TeleTrade Petr Pushkarev told RT.

source: https://www.rt.com/business/421567-us-rating-agencies-downgrade/

Author: Rayan M

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