One of the chancellor's closest allies has said that George Osborne "should stick to the strategy" of deficit reduction, despite admitting that "no on...

One of the chancellor's closest allies has said that George Osborne "should stick to the strategy" of deficit reduction, despite admitting that auster...

Chancellor George Osborne was issued a pre-Budget warning by an influential credit rating agency as it issued a "negative" outlook on the prospects of...

Britain's triple-A credit rating is increasingly at risk, a leading agency indicated today as it downgraded the economy's outlook from stable to negat...

Exactly the same underlying conflicts of interest that damned the CDO market are present in their ratings of sovereign debt. The truth is, the global financial system hinges on the accuracy of the credit rating agencies.