Le droit de noter. Les agences de notation face à la crise

Complete reference : LADREIT DE LACHARRIERE, Marc, Le droit de noter. Les agences de notatio face à la crise (English translation : The right to note. Rating agencies face to Crisis), Grasset, Paris, 2012, 184 p.

The book is written in French.

The author is the president of Fitch, the third rating agency world. His book aims to explain and defend the role of rating agencies.

It first sets the creatuib of Fitch and how he became the chairman.

Then he explains the story of the American crisis of 2007, stressing that it is largely due to dysfunction of the State. Therefore, when the crisis arrived, because it was planetary for the first time, no one had anticipated it, and agencies have downgraded the establishments and States.

The author explains that opens the "witch hunt." He denounces these political and scientific discourse that led to point the finger at rating agencies he considers scapegoats.