So the EUcrats think that by muzzling the credit ratings they are going to make their bonds more attractive to the market?
On the whole the market isn’t that stupid. They’ll factor the risk as being much higher than stated, or find another way to find out what the risk is. Either way the EUnunchs aren’t going to be able to sell their phony baloney debt instruments at a quantity and price that will do them any good. They are shooting themselves in the foot while it is in their mouth.