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Subjects / Financial Markets

Newsletter November 08: Rating agencies receive Congressional roasting

Simon Turmaine | November 13, 2008

WASHINGTON – The backlash against credit rating agencies, because of their role in helping to cause the global financial crisis, shows little sign of diminishing on either side of the Atlantic. In the US, senior executives of the three largest agencies – Moody’s Investors Services, Fitch Ratings and Standard & Poor’s (S&P) – received a roasting at a Congressional committee hearing in late October.

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