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Image header Agence Europe
Europe Daily Bulletin No. 11072
ECONOMY - FINANCE / (ae) credit ratings

Network of small rating agencies is not the answer at this stage

Brussels, 05/05/2014 (Agence Europe) - The European Commission argues in a report on Monday 5 May on the feasibility of a network of small credit ratings agencies to break the monopoly of the Big Three that setting up such a network would not be feasible in the short term. It examined the idea of a network of small agencies, along with the development of a common data platform for underlying information used for developing ratings, design and use of common methodologies, sharing of expert...

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