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Eu Regulator cases rating agencies

July 3 2012 at 05:00am

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The European markets watchdog was investigating whether the big three credit ratings agencies’ methods of evaluating banks were rigorous and transparent enough, its chairman, Steven Maijoor, told the Financial Times yesterday. The European Securities and Markets Authority was inspecting Standard & Poor’s, Fitch and Moody’s Investors Service, and it expected to finish by the end of the year, the newspaper said. Maijoor said the watchdog was not attempting to influence the ratings but was only asking that the agencies’ choices made economic sense and were logical. – Reuters


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