Credit Ratings Matter for Those Who Need Them Most
Otaviano Canuto
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Posted 10.18.2011
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World
Read More:
Sovereign Debt,
Poverty,
Economics,
U.S. Credit Rating,
Sovereign Debt Crisis,
World Bank,
Global Credit Ratings,
Global Economics,
Worldwide Credit Rating,
Global Poverty,
World News
Think of what would happen if you lived in one of the 58 developing countries that remain unrated by Standard & Poor's, Moody's and Fitch. You would have very limited access to capital and investment, and the cost of borrowing would be significantly higher.
