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Credit Rating Agencies and Competition Law

BY | August 30, 2011

Norman Neyrinck, Nicolas Petit, Aug 30, 2011 It will have taken policy makers an extra financial crisis to realize that financial markets should not be hostage of the predictions of…

Norman Neyrinck, Nicolas Petit, Aug 30, 2011

It will have taken policy makers an extra financial crisis to realize that financial markets should not be hostage of the predictions of the “big three” credit rating agencies (the “CRAs”), i.e. Moody’s Investors Services, Standard & Poor’s, and Fitch ratings. Pluralism in ratings is the new mantra of regulatory proposals in the European Union (“EU”) and the United States. And controversial proposal

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