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Sympathy for the sovereign credit analyst

Financial Times LogoFinancial Times5d ago

Sympathy for the sovereign credit analyst - Financial Times

Quick Summary:

Back in 2011, the rating agency projected net debt to rise to 78 per cent of GDP in ten years’ time.

We got in touch with one of the seven — David Riley, who was Fitch’s co-head of sovereign ratings and lead analyst on the 2011 Italian downgrade — to ask how it felt being on the wrong end of a large pointy stick being wielded by a disgruntled state.

And that’s the job of a rating analyst — provide an assessment as to whether the chances of this happening over the next five years might be the kind of 0.0 per cent incidence of default attached to a AAA rating, or a 0.1 per cent chance that might be attached to a AA rating.


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Article Details

Author / Journalist: Toby Nangle

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 13:48:22 (5 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1355 words

Reading Time: 8 minutes read

Sentences: 67 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 27464968

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 9 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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  • URL: https://chronographically.beamstart.com/news/sympathy-for-the-sovereign-credit-17434053936634

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