Prof. Hill Publishes Article on Rating Agencies in The European

Professor Claire Hill participated in a debate on the rating agencies' role in the Eurozone crisis, and her article was published in The European, an online opinion magazine. Hill argued that previous criticisms of the rating agencies for European downgrades were mostly misplaced, and that attention has appropriately turned more to the real causes of and solutions to the crisis. She noted that ratings can unsettle already jittery markets because they are so focal and salient. Rating agency reform, while desirable, cannot readily affect this reality.