Italy on the credit rating knife-edge. Are the rating agencies too powerful at a time like this?

Published: April 27, 2020, 7:29 a.m.

b'S&P kept Italy\\u2019s rating at BBB, and Italian government bonds are rallying. But with Moody\\u2019s also about to determine its possible action on keeping Italy as investment grade or not, the risks of a downgrade remain present. Elsewhere - the Bank of Japan announced unlimited bond buying...'