Rating Agencies to Face Sovereign-Debt Curbs in EU
Draft plan would let investors sue credit raters for malpractice or gross negligence.
By Jim Brunsden, Bloomberg|November 27, 2012 at 10:44 AM
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Credit rating companies face curbs on when they can assess government debt and restrictions on their ownership under draft plans agreed upon by the European Union to limit the industry’s influence and tackle conflicts of interest.