Bloomberg News

EU’s Barnier Says Credit Ratings Are Given Too Much Importance

January 26, 2012

Jan. 26 (Bloomberg) -- The rankings awarded by Standard & Poor’s, Moody’s Investors Service and other credit rating companies are given too much importance, European Union financial services commissioner Michel Barnier said in an interview with BFM Radio today.

To contact the editor responsible for this story: Steve Rhinds at srhinds@bloomberg.net


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