| Author (Person) | Buck, Tobias |
|---|---|
| Series Title | Financial Times |
| Series Details | 6.4.05 |
| Publication Date | 06/04/2005 |
| Content Type | News |
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Charlie McCreevy, the European Commissioner for the Internal Market and Services, on 5 April 2005 heavily criticised the credit rating industry, but he backed away from proposing a new regulatory framework for agencies. Credit rating agencies monitor the credit backing of bond issuers and grade corporate and sovereign debt according to the likelihood of a default. |
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| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
