Manfred Gaertner
Rating agencies under fire for 'unjustified' Greek downgrades
When within three years the three large credit rating agencies, Moodys, Fitch and Standard&Poors, issued no less than 33 downgrades or downgrade warnings for the Greek economy, it would appear reasonable for some to believe that their stand was a clear example of a self-fulfilling prophecy for the situation into which the country descended, Professor Manfred Gaertner of the University of