JBeukema
Rookie
- Banned
- #1
It's easy enough to imagine how an agency like Standard & Poor's rates a company: Look at the books and try to estimate the chances that the company will pay back the money it's borrowing.
But how does S&P rate a country?
It's not an idle question just ask Greece, Spain or Portugal, all of which have been downgraded by big ratings agencies recently as Europe's debt crisis intensified.
How Do You Rate A Country? : NPR