Tag: rating agencies

• Saturday, July 28th 2012 - 11:01 UTC

  US Justice and securities regulators probing credit-rating agency S&P

  

  The US Department of Justice and securities regulators are probing potential violations by credit-rating agency Standard & Poor's in connection with its ratings of structured products, the company said this week.

• Thursday, July 26th 2012 - 09:00 UTC

  EC criticizes US risk rating agencies handling of the Euro-zone crisis

  

  A top official from the European Commission was particularly critical of the credit risk rating agencies in their handling of the Euro crisis and Germany brushed aside the latest rating agencies announcement saying the country is in a very sound economic and financial situation.

• Wednesday, November 16th 2011 - 05:01 UTC

  EC sets forward strict rules for credit rating agencies

  

  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.

• 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.

• Tuesday, April 5th 2011 - 10:11 UTC

  Uruguay has no plans to issue new debt: 2011 obligations comfortably covered

  

  Uruguay's economy minister said the country had no concrete plan to issue new debt because it had already covered 2011 obligations and debt servicing costs will fall in 2012. Nevertheless he complained about the “poor treatment” of Uruguay by the risk rating agencies.