Credit rating rule could change sovereign-bond market

08/12/2013 | Reuters

The EU is requiring that credit rating agencies announce rating decisions on a predetermined schedule. However, that might change the way the sovereign-debt market works, experts say. "It will be similar to the way you get stock market volatility ahead of [Federal Reserve], [European Central Bank] and Bank of England meetings as the market tries to second-guess what they will do," said Alan Reid, managing director of credit rating agency DBRS.

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