The Fitch of poor standards

The biggest sovereign credit rating agencies that assess nations' capacity to discharge their debt obligations - Standard and Poor's (S&P), Moody's and Fitch - can help make or unmake fortunes for nations. The rating they assign to a nation based on their perception of its poor standards and moods influences potential investors. It makes foreign borrowings dearer, hampers foreign investments and affects local currency rates and economic growth.

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