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The EU targets rating agencies
http://www.euronews.net/ The European Commission has stepped up its attack on credit rating agencies. Angered by a spate of downgrades on individual member states, Brussels says the likes of Standard and Poor’s, Moody’s and Fitch, which rank countries’ and companies’ debt, should be held to account.
Only last week, Standard and Poor’s downgraded France by mistake. That was quickly corrected and blamed on a technical error, but the EU’s internal market chief Michel Barnier insisted stricter rules are needed.
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