EC sets forward strict rules for credit rating agencies

Wednesday, November 16th 2011 - 05:01 UTC

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The European Commission has put forward stricter rules for the credit rating agencies that rank countries' and companies' debt. The rules says agencies, including Standard & Poor's, Moody's and Fitch, should follow stricter standards, be more transparent about their ratings and be held accountable for their mistakes. Read full article

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GeoffWard2
This might be a case of “be careful what you wish for, lest it come true”.

If there is no 'wiggle room' in the ratings, the horrific, undiluted truth about the viability of some countrys' economies, can crash countries and trigger just the domino effect that everybody is trying so hard to avoid.
Nov 16th, 2011 - 10:25 pm - Link - Report abuse 0
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