RATING AGENTS SCRUTINY OF QUALIFIED BANKS AND FINANCE INSTITUTIONS REVEALED DECLINED PERFORMANCE OF THE FINANCE INSTITUTIONS.
Rating agents scrutiny of qualified major banks and finance Institutions financial performance in the USA and in Europe has revealed declined financial performance of the fifteen, or over fifteen banks and finance Institutions that had qualified over the required credit line for efficient function of the finance Institutions of which many have been found in the USA and Europe, particularly in Spain, due to the current bank sector finance crisis in Spain. However, both the USA and Europe have disputed over direct allocation of funds to banks that have underperformed, or may have been hit hard by the Spanish bank sector finance crisis, despite the re-rating of the banks and finance Institutions credits in both Europe and in the USA to the points lower than the previous ones. The USA has been for the direct allocation of funds, or the finance rescue packages by the European Union banks, while the German bank system has been against repeated funding of underperforming banks and finance Institutions in Europe, the USA and at the global scale.
Written by Professor Godfrey Ohia.
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