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CITY VIEWS: HAVE THE CREDIT RATING AGENCIES PERPETUATED THE PANIC OVER SOVEREIGN DEBT?

YASIR QURESHI | JEFFERIES
“The credit rating agencies have to reflect the current situation and if they don’t reflect the liquidity situation for some countries then that will lead to other problems. They haven’t perpetuated the problem.”

ADAM HOLBERY | ALLIED WORLD ASSURANCE
“They have not increased the panic over sovereign debt because it is the responsibility of the credit rating agencies to truthfully represent the true risk an individual country has to help enlighten potential investors.”

NEIL HAMMOND | LLOYDS
“The credit rating agencies have perpetuated the panic over the debt faced by some countries because they jumped in a bit too soon and gave a knee jerk reaction when they should have taken a more pragmatic view on the situation.”