ESMA expresses concerns about credit rating agencies

03/19/2013 | Reuters · Bloomberg

The European Securities and Markets Authority says credit rating agencies are not meeting standards, noting failings in the "process of disclosure and implementation of changes" to methodologies. "Considering the continued importance of credit ratings in financial markets, it is extremely important that credit rating agencies identify and remedy those issues in their businesses which may undermine the independence, objectivity and the quality of credit ratings," Chairman Steven Maijoor said.

View Full Article in:

Reuters · Bloomberg

Published in Briefs: