FT Alphaville " Scotland's unsolicited non-rating We couldn't help but notice that the major ratings agencies were terribly coy about Scotland. From the FT: That would be the way they are solicited for Italy, France... actually, the entire eurozone... the US and presumably most other sovereigns? John Swinney, the Scottish government's secretary for finance, has already set out his stall for giving an independent Scotland an AAA rating. One issue with a Scottish sovereign rating might be that issuance could turn out to be fairly small and illiquid, at least to start with, we suppose. At any rate, this provides some kind of answer to the question of how much the North Sea revenues would boost an independent Scotland's standing. With ratings agencies, that is. Related links: The West Shetland question - FT Alphaville S&P to Dagong (and Moody's): It's on - FT Alphaville This entry was posted by Kate Mackenzie on Monday, February 6th, 2012 at 9:34 and is filed under Capital markets. Tagged with fitch, moody's, s&p, Scotland, Sovereign debt, sovereign ratings.