Suite à la réforme financière US, les agences de notation occidentales demandent qu'on arrête d'utiliser leurs notes pour qu'on ne puisse pas les poursuivre :
|Did The Credit Agencies Just Go Extinct?|
|ZeroHedge, 20/07/2010 (traduire en Français )|
The recently passed Donk (Dodd-Frank) Finreg abomination, which nobody has yet read is finally starting to disclose some of the interesting side effects of its harried passage. Such as that the rating agencies may have suddenly become extinct. As the WSJ's Anusha Shrivastava discloses: "The nation's three dominant credit-ratings providers have made an urgent new request of their clients: Please don't use our credit ratings." The Moodies of the world suddenly have good reason to not want their name appearing next to those three A letters (at least in Goldman CDO and bankrupt sovereign cases) out there: "The new law will make ratings firms liable for the quality of their ratings decisions, effective immediately."
De l'autre côté, les chinois sortent du bois. Notre banquier se réveille. Et visiblement il en a marre d'alonger rubis sur l'ongle pour couvrir un peu plus chaque mois notre découvert de gosses pourris gâtés :
|China Proves The Best Time To Kick A Rating Agency Corpse Is Right Before It Stinks Up The Place|
|Dow Jones via ZeroHedge, 21/07/2010 (traduire en Français )|
Guan Jianzhong, head of China's biggest credit rating agency, blames his Western counterparts for the global financial crisis and says China, as the world's leading creditor nation, should have a greater say in how sovereign debt is rated, the Financial Times reports Wednesday.
Rating agencies such as Moody's Investors Service, Standard & Poor's and Fitch "are politicized and highly ideological and they do not adhere to objective standards," Guan, who is chairman of Dagong Global Credit Rating, said in an interview on the U.K. newspaper's website.
He also argued that the three big Western agencies are too close to the corporate clients they are supposed to be assessing objectively. Echoing a complaint from regulators in several Western countries, Guan singled out the practice of "rating shopping" by companies who offer their business to the agency that provides the most favorable rating.
Guan said his privately held, 16-year-old company's methodology reflects a more objective view of a government's fiscal strength and stability. Last week, Dagong published its own sovereign credit ranking in what it called a first for a non-Western rating agency. The results differ greatly from those issued by Moody's, S&P and Fitch: China ranked higher than the U.S., the U.K., Japan, France and most other major economies.
Et dire que nos guignolos européens voulaient créer la leur d'agence
Sauf que ceux qui notent, ce sont ceux qui prêtent. On a jamais vu un surendetté évaluer lui même son risque de crédit...
EDIT du 24/07/2010 : J'avais raté ça également :
“The US is insolvent and faces bankruptcy as a pure debtor nation but the rating agencies still give it high rankings ,” Mr Guan said. “Actually, the huge military expenditure of the US is not created by themselves but comes from borrowed money, which is not sustainable.”
A wildly enthusiastic editorial published by Xinhua , China’s official state newswire, lauded Dagong’s report as a significant step toward breaking the monopoly of western rating agencies of which it said China has long been a “victim”.