Tag: credit rating agency

• Wednesday, October 17th 2012 - 04:29 UTC

  Argentina minister blasts credit rating agencies for putting out “terrorist reports”

  

  Argentine Economy Minister Hernán Lorenzino ratified Wednesday’s down payment of the “Bonar X” dollar-bond for 200 million dollars and blasted credit rating agencies which along with speculators “set terrorist reports in order to make some profit out of it.”

• Thursday, December 8th 2011 - 06:49 UTC

  “Getting rid of credit rating agencies is imperative”, says top Argentine official

  

  Argentine Economy Minister and Vice-President-elect Amado Boudou charged against credit-rating agencies and accused them of being “a source and transmission of problems,” warning that “as long as they exist, resources will continue to flow from those who have less to those who have more.”

• Monday, October 3rd 2011 - 06:56 UTC

  US regulator says it has discovered ‘apparent failures’ at 10 credit rating agencies

  

  The United States Securities and Exchange Commission (SEC) has discovered “apparent failures” at 10 credit rating agencies. SEC said it was concerned that the agencies - including Standard & Poor's (S&P) and Moody's - were not making timely and accurate disclosures or managing conflicts of interest.

• Tuesday, September 27th 2011 - 04:56 UTC

  S&P faces first action by US government against a major credit rating agency

  

  United States regulators disclosed they may take action against Standard & Poor's for securities law violations after the ratings agency gave top grades to a package of securitized mortgages in 2007 that quickly soured.