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Explains that the reason for the failure of recent initiatives to alleviate the poorest countries' debt-related issues is an inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors, as they fear the credit rating agencies and the prospect of a downgrade: the 'Credit Ratings impasse'.

Produktbeschreibung
Explains that the reason for the failure of recent initiatives to alleviate the poorest countries' debt-related issues is an inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors, as they fear the credit rating agencies and the prospect of a downgrade: the 'Credit Ratings impasse'.
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Autorenporträt
Daniel Cash is a Senior Lecturer at Aston University, UK, a Fulbright Scholar at New York University's Stern Business School, and specialises in the regulation of the credit rating industry.