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December 2, 2013
07:30 EDTMHFI, MCOEU watchdog threatens action against Moody's, S&P, Fitch
The European Securities and Markets Authority, the European Union's markets watchdog, has warned that "enforcement action" may be taken against Moody's (MCO), Standard & Poor's (MHFI) and Fitch Ratings after it found "deficiencies" in the way that they rank sovereign bonds. The ESMA's report follows an investigation carried out by ESMA into the sovereign rating processes at the three CRAs, between February and October 2013. The investigation was prompted by concerns about potential conflicts of interests, the impact of sovereign ratings on other types of ratings, CRAsí capacity to cope with the number of rating actions during a period of high volatility, the use of bulk rating actions, and issues around the confidentiality and timing of rating actions. ESMA identified deficiencies and issues for improvement in the following areas: Independence and avoidance of conflicts of interests; Confidentiality of sovereign rating information; Timing of publication of rating actions; and Resources allocated to sovereign ratings. ESMA has not determined whether any of the reportís findings constitute a breach of the CRA Regulation, and may take action as appropriate in due course. Reference Link
News For MCO;MHFI From The Last 14 Days
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April 16, 2014
08:56 EDTMCOMoody's to hold a teleconference
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April 15, 2014
10:17 EDTMHFIHigh option volume stocks: FSL GDP SPR GWW MHFI
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April 7, 2014
07:44 EDTMCOMarketo to hold a summit
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April 3, 2014
07:30 EDTMCO, MHFIMoody's left off bond deal as risk appetites grow, WSJ says
Moody's (MCO), known for adopting more-cautious stances than its rivals, was conspicuously absent from rating more than $1B in commercial-mortgage bonds that recently sold at similar yields as other recent sales, reported The Wall Street Journal. McGraw Hill Financial 's (MHFI) Standard & Poor's, Fitch and Kroll Bond Rating were called on to rate the "conduit" commercial-mortgage-backed deal organized by Deutsche Bank (DB) and Cantor Fitzgerald, the report noted. Reference Link

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