Backlight: The Power of the Rating Agencies

Documentary - Human Interest & Society
53'
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Documentary - Human Interest & Society
53'
It is simply reading tea leaves.
Credit rating a country is nothing but a guessing game,” says Jerome Fonds, former Moody’s executive. Who are these credit rating agencies anyway? What do they base their ratings on? And are their ratings of companies and countries even correct? Backlight tells the story of the rating agencies, their impact on the financial markets, and their role on the world stage.