Rate me up, before you go-go: Caveat Lector column
Rate me up, before you go-go
Japan continues its slide down the slippery slope of the credit ratings world, and with it so perhaps does the credibility of the whole sovereign ratings process. Is Japan really a Aa2/AA-/AA- credit and, if so, is it really two notches weaker than Nestlé but one notch better than Unilever?
It was in the run-up to European currency union in October 1997 that BNP (it hadn’t bought Paribas from under the nose of Société Générale yet) gave a seminar for insurance companies on the prospects for a pan
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