Credit Rating Agencies, the Sovereign Debt Crisis and Competition Law

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Series Details Volume 7, Number 3, Pages 587-632
Publication Date September 2011
ISSN 1744-1056
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"The big three credit rating agencies (CRAs) rank highly on the “most wanted” list of policy leaders in the western world. Moody’s Investors Services, Standard & Poor’s (S&P) and Fitch Ratings are blamed for mistakenly downgrading sovereign states in the EU and the US, and in turn for plunging financial markets into a state of profound distress."
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