Quote:
Originally Posted by Yasa
If there are 3 agencies that determine credit ratings, which ones do investers listen to? S&P seem to make the loudest noise, but do they have more influence than Moody's or Fitch? Are investors still going to panic monday despite 2/3 agencies keeping their ratings at AAA, and public knowledge of S&P's error?
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S&P is generally the most respected. Its good that Moodys and Fitch kept them at AAA, but things don't look rosy for tomorrow. In the middle east the markets all pointed at sell.