Democracy battle scares rating firms
The struggle over democracy is sharpening concerns about the government's ability to reduce the budget deficit, credit rating agencies said yesterday.
Standard & Poor's and Moody's Investors Service said they were worried that pro-democracy parties might capitalise on growing public discontent to hinder the government as it tried to bring in unpopular deficit-fighting measures such as a sales tax.
The statements mark a shift from last year, when the agencies focused on government finances in light of the sluggish economy.
Full report - A2