Eurozone finance chiefs seek to end rating firms' dominance

Eurozone finance ministers are asking the European Central Bank to create a sovereign-debt rating system aimed at curbing the influence of credit rating agencies such as Moody's Investors Service, German business newspaper Handelsblatt reported. The move to undercut the dominance of major rating agencies has wide support within the ECB, according to the newspaper.

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Spiegel Online (Germany) · Reuters · Financial Times (free content)

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