European Parliament’s vote on new rules to regulate credit rating agencies (CRAs): Statement by Commissioner Barnier

Hand stamping a document with a stamp bearing the terms “Rating AAA”

Commissioner Barnier has welcomed the agreement on new rules on credit rating agencies (CRAs) reached today by the European Parliament. “This agreement will considerably improve the quality of ratings. Credit rating agencies will have to be more transparent when rating sovereign states and will have to follow stricter rules which will make them more accountable for mistakes in case of negligence or intent”, said the Commissioner.

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