This week, Arnaud Bouillin, editor-in-chief of the Economy department of L’Express, explains to us what rating agencies are, while the decision of the best known of them is awaited with concern at the highest summit of the State.
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The team: Charlotte Baris (presentation), Mathias Penguilly (writing and editing), Jules Krot (director), Xavier Yvon (editor-in-chief) and Marion Galard (work-study).
Credits: AFP, Europe 1, France 24, France Culture, France Info, France Inter, RTL, TV5 Monde
Music and dressing: Emmanuel Herschon / Studio Torrent
Picture credits: Anne-Laure Chapelain and L’Express
Logo: Anne-Laure Chapelain / Benjamin Chazal
How to listen to a podcast? Follow the leader.
Charlotte Barris: Rating agencies… No, we’re not talking about school results, but about finance. To discuss it, I welcome an expert on the subject: Arnaud Bouillin, editor-in-chief of the Economy department of L’Express. Welcome Arnaud!
Arnaud Bouillin : Hello Charlotte!
Charlotte Baris : What exactly do they rate these “agencies”?
Arnaud Bouillin : They evaluate the solvency of a company or a State. That is to say his ability to repay the money he or she wants to borrow on the financial markets. There are many agencies, but in general, when we talk about rating agencies, we are talking about three Anglo-Saxon giants: S&P Global (formerly Standard & Poor’s), Moody’s and Fitch.
For further
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Debt: the drop in France’s rating hides another reality, by Nicolas Bouzou
Bruno Le Maire “freaks out”, Elisabeth Borne lets go too much…
Debt: which countries still have a triple A?