Panel: S&P right to consider downgrades

 
Elizabeth Fournier
RATING agency Standard & Poor’s was “completely right” to put 15 of the Eurozone’s economies on credit watch for a possible downgrade, according to 54 per cent of our Voice of the City Panel, run in association with PoliticsHome.com.

More than two thirds (68 per cent) of respondents also said they find the opinions of the rating agencies either “very” or “somewhat valuable”, versus 32 per cent who disagreed.

Meanwhile Germany was deemed the economy most deserving of its AAA rating, with 34 per cent saying it was “completely deserved”. Just 20 per cent felt the same about the UK.

To join the panel, visit cityam.com/panel