Column: Paul Taylor

Attacking the competence and value of credit rating agencies has become a popular pastime. Presenting a counter argument to this criticism from within one of the accused without appearing overly defensive or self-serving is a challenge. However, the unbalanced or inaccurate nature of some of this criticism merits a responseGlobal bank ratings have been under pressure in the face of unprecedented market upheaval. Ratings have drifted down as credit fundamentals have suffered, but widespread a