Nov. 15 (Bloomberg) -- European Central Bank Governing Council member Ewald Nowotny told Austrian state television ORF that ratings companies’ great power is “problematic” because their judgments are often wrong.
Nowotny also said in the interview that analysts from Moody’s Investor Services will be in Austria later this week for a visit that has been scheduled for a long time. Austria is one of the six remaining euro-area countries rated AAA by all major ratings companies.
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