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Headline: Investors question the rating agencies Source: Euromoney Date: April 2001 Author: Sarah Best The huge growth in the number of European corporates of varying credit quality tapping the capital markets has led to massive demand for ratings. The ratings agencies are staffing up to meet this challenge. But there remains a question mark over the value of the service they provide, especially in high yield, the most credit-intensive area of all. It is a rare investor who is willing to be seen openly criticizing the job that rating agencies do. |
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