Dw News
@dwnews·6.3M subscribers·48.6K videos
Ratings Agencies - Thumbs Up or Thumbs Down? | Made in Germany
Posted
July 15, 2011
Views
129
July 15, 2011
129
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
3:18Now PlayingOnly a few years ago, it was difficult to imagine that the world's biggest banks would be sitting on a mountain of toxic assets. According to the credit ratings agencies Standard&Poor's, Moody's and Fitch, these investments carried little risk.That misjudgment triggered the financial crisis, the costs of which are still being counted around the globe. Now the agencies are vying to restore their tattered reputations. But there are still losers. Greece has been rated as the world's least credit-worthy country, Portuguese government bonds have been downgraded to junk status. This prohibitively increases the cost of borrowing for both countries, with drastic results for their citizens. MADE IN GERMANY reporter Kerstin Schweizer examines how the power of ratings agencies can be limited.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
