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Europe Daily Bulletin No. 11093

4 June 2014
ECONOMY - FINANCE - BUSINESS / (ae) rating
ESMA says Standard and Poor's breached EU rules in 2011

Brussels, 03/06/2014 (Agence Europe) - The European Securities and Markets Authority (ESMA) issued a public notice on 3 June accusing credit rating agency Standard and Poor's (S&P's Credit Market Services France SAS and S&P's Credit Market Services Europe Limited) of breaching EU Regulation 1060/2009 on credit rating agencies.

ESMA has been investigating the fact that S&P, on 10 November 2011 at 15: 57 CET, erroneously released to subscribers of its web-based Global Credit Portal (GCP) an...