BRUSSELS—The European Union’s markets watchdog said it found flaws in the way the big three credit ratings firms rank government bonds and warned that it may take “enforcement action” against them that could include fines or withdrawal of licenses.
The three U.S.-based rating firms—Fitch Ratings, Moody’s Investors Service and Standard & Poor’s—have faced an onslaught of criticism and new regulation in Europe in recent…
Read this article: EU Threatens Credit Ratings Firms
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