EU's Barnier voices frustration with rating agencies:

Michel Barnier, internal-market commissioner for the EU, continued his scrutiny of the major credit rating agencies after Moody's Investors Service warned that it might downgrade Portugal's credit rating. Barnier voiced concerns about the small number of rating agencies. "There are not enough ratings agencies, not enough competition and not enough diversity," he said. "Why should there not be an agency that is more European than those that exist today?"

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