国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
China
Home / China / Business

EU mulls rating agency ban: report

China Daily | Updated: 2011-10-21 08:06

EU mulls rating agency ban: report

The Moody's Investors Service Inc headquarters in New York. EU politicians are accusing rating agencies such as Moody's, Standard & Poor's and Fitch Ratings of totally misrepresenting the financial situation of individual countries. Scott Eells / Bloomberg

FRANKFURT / MADRID - The European Commission is considering a possible ban on rating agencies from publishing their assessments of EU countries in difficulty, the Financial Times Deutschland reported on Thursday.

The European Union's commissioner for internal markets and services Michel Barnier has drawn up a draft proposal empowering the new European Securities and Markets Authority to "temporarily prohibit" agencies from publishing their analyses on a country's solvency, the newspaper said.

FT Deutschland said it obtained a copy of the confidential draft.

Barnier is concerned that the publication of a rating at an "inopportune moment" for a country when it was negotiating financial aid from the EU's bailout fund or the International Monetary Fund could have "negative effects for that country's financial stability and possible destabilizing effects for the global economy".

Politicians accuse rating agencies such as Moody's Investors Service Inc, Standard & Poor's Ratings Services and Fitch Ratings of totally misrepresenting the financial situation of individual countries, thereby only intensifying the crisis further.

A downgrade of its sovereign debt rating has enormous consequences for a country, pushing up its borrowing costs and its loan repayments.

Earlier this week, Moody's warned France that it may place a negative outlook on its cherished AAA credit rating in the coming months as the government's financial strength "has weakened".

Also this week, Moody's cut Spain's rating by two notches to A1 from AA2, with a negative outlook, "to reflect the downside risks from a potential further escalation of the euro area crisis".

The downgrade came days after a similar move from Standard & Poor's, which last week cut Spain's sovereign rating from AA to AA-, with a negative outlook. Fitch Ratings slashed Spain's rating by two notches earlier this month.

Spain's Treasury challenged the sovereign downgrade, saying in a letter to investors the downgrade "may be motivated more by a short-term reaction to negative news about the eurozone debt markets" than by long-term fundamentals.

"The nation's significant deleveraging has significantly reduced its external financing needs," the Treasury said. "The Spanish government remains committed to fiscal consolidation and structural reform."

Barnier is to officially submit his proposals by next month at the latest, and some amendments are possible, FT Deutschland reported.

Agence France-Presse

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
新安县| 治县。| 嘉定区| 海伦市| 印江| 吉首市| 太仆寺旗| 禄丰县| 海阳市| 合阳县| 瑞昌市| 潞西市| 梁山县| 息烽县| 榆社县| 凭祥市| 阿图什市| 云霄县| 弥渡县| 闽侯县| 赤水市| 伊金霍洛旗| 托里县| 鄂州市| 安宁市| 长白| 洛阳市| 梧州市| 日喀则市| 门头沟区| 明溪县| 新乡市| 曲阜市| 江孜县| 和政县| 兰西县| 阳谷县| 永州市| 应城市| 汝州市| 福建省|