A measure that reduces instead of increasing transparency would hurt rather than heal our economy Imagine being told that all testing and reporting of covid-19 cases should be stopped forthwith because it will create panic in the neighbourhood.
The recent call in some quarters for a moratorium on credit ratings is just as skewed in its logic. The refrain is that credit ratings, and changes thereof, must be suspended during the current pandemic and lockdown because publishing their impact on credit profiles will affect debt issuers, corporate groups, lenders and investors, which, in turn, would make the credit profiles of issuers weaker than they currently are.