{"id":1813116,"date":"2008-11-01T07:51:05","date_gmt":"2008-11-01T06:51:05","guid":{"rendered":"https:\/\/www.newzyexecutive.fr\/la-notation-prise-en-defaut\/"},"modified":"2026-05-03T23:11:40","modified_gmt":"2026-05-03T22:11:40","slug":"la-notation-prise-en-defaut","status":"publish","type":"post","link":"https:\/\/www.newzyexecutive.fr\/en\/la-notation-prise-en-defaut\/","title":{"rendered":"The failure of credit ratings"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>On November 5, the MD of Coface will address the Club des Vigilants to explain how rating agencies fueled the crisis and how to &#8220;right the ship.&#8221;<\/strong><\/p>\n<p style=\"text-align: justify;\">Credit rating agencies, the traditional compasses of the markets, have been singled out as one of those responsible for the financial crisis.<\/p>\n<p style=\"text-align: justify;\">On November 5, Le Club des Vigilants will host J\u00e9r\u00f4me Cazes, member of the Natixis executive committee and MD of Coface, who will speak on the topic &#8220;Rating: how to restore confidence.&#8221;<\/p>\n<p style=\"text-align: justify;\">He will explain how credit ratings, which are intended to protect investors from excessive risk, have, on the contrary, &#8220;contributed to its spread.&#8221;<\/p>\n<p style=\"text-align: justify;\">Founded in 1999, the Club des Vigilants is a socio-economic organization chaired by Bernard Esambert. Its membership includes prominent figures such as writer Alexandre Jarin, journalist Fran\u00e7ois de Closets, Dominique Desseigne (Chairman of Groupe Lucien Barri\u00e8re), and Thierry Grimaux (Vice President at Atos Origin).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 5, the MD of Coface will address the Club des Vigilants to explain how credit rating agencies helped spread the crisis and how to &#8220;right the ship.&#8221; Rating agencies, traditionally the market&#8217;s compasses, have been singled out as one of those responsible for the financial crisis. On November 5, the Club des Vigilants will host J\u00e9r\u00f4me Cazes, member of the Natixis executive committee and MD of Coface, who will speak on the theme &#8220;Ratings: how to restore confidence.&#8221; He will explain how ratings, which are intended to protect investors from excessive risk, instead &#8220;contributed to spreading it.&#8221; Founded in 1999 and chaired by Bernard Esambert, the Club des Vigilants is a socio-economic organization whose members include prominent figures such as writer Alexandre Jarin, journalist Fran\u00e7ois de Closets, Dominique Desseigne (Chairman of Groupe Lucien Barri\u00e8re), and Thierry Grimaux (Vice President at Atos Origin).<\/p>\n","protected":false},"author":1,"featured_media":1813117,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[224],"tags":[366],"class_list":["post-1813116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-in-brief","tag-coface"],"_links":{"self":[{"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/posts\/1813116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/comments?post=1813116"}],"version-history":[{"count":2,"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/posts\/1813116\/revisions"}],"predecessor-version":[{"id":1813232,"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/posts\/1813116\/revisions\/1813232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/media\/1813117"}],"wp:attachment":[{"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/media?parent=1813116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/categories?post=1813116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newzyexecutive.fr\/en\/wp-json\/wp\/v2\/tags?post=1813116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}