Bloomberg News

Ratings Companies Hold ‘Exaggerated’ Role, EU’s Barnier Says

October 24, 2011

Oct. 24 (Bloomberg) -- Credit-ratings companies have an “exaggerated role” and the European Union is considering ways to reduce the importance placed on their ratings, said Michel Barnier, the EU’s financial services commissioner, in an interview today on France 2 television.

To contact the editor responsible for this story: Heather Smith at hsmith26@bloomberg.net


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