| Author (Person) | Oakley, David, Spiegel, Peter |
|---|---|
| Series Title | Financial Times |
| Series Details | 7.7.11 |
| Publication Date | 07/07/2011 |
| Content Type | News |
|
Senior European officials lashed out at Moody’s on the 6 July 2011, questioning the timing of the debt rating agency’s downgrade of Portuguese bonds on the 5 July 2011 and threatening new regulatory action against all three major rating agencies. The high-profile criticism follows long-simmering European complaints about Moody’s and its two competitors, Standard & Poor’s and Fitch, centring on whether they have improperly attempted to influence policy-making in the ongoing debt crisis. Some analysts accused European officials of attempting to distract voters and financial markets from their difficulties in formulating an effective response to the crisis. |
|
| Related Links |
|
| Countries / Regions | Europe, Greece, Italy, Portugal |
