Why credit rating agencies' economic advice shouldn't be trusted
- Written by Imad Moosa, Professor, Finance, RMIT University
The Australian government is using warnings from rating agencies like Standard & Poor’s Global Ratings (S&P), which placed Australia on a negative watch during the election, to make the case for passing budget measures. In reality, S&P (and the other two agencies in the credit rating industry) has no moral or technical authority...








