ADVFN - Advanced Financial Network.
HOME» NYSE » M » MCO Stock Price » MCO Stock News

Moodys Share News

 Moodys Corp. Stock Price
MCO Stock Price
 Moodys Corp. Stock Chart
MCO Stock Chart
 Moodys Corp. Stock News
MCO Stock News
 Moodys Corp. Company Information
MCO Company Information
 Moodys Corp. Stock Trades
MCO Stock Trades

French Investors Prefer They, Not Bond Sellers, Pay for Ratings

By Hugo Passarello Luna PARIS--French investors would prefer to finance credit ratings themselves rather than rely on the current system dominated by three U.S.-based companies, criticised for failing to spot strains leading to credit crises, who charge debt issuers for their services, according to senate-commissioned poll released Wednesday. The survey showed 74% of investors believe the current model creates a conflict of interest, said centrist senator Aymeri de Montesquiou, one of the authors of report. Standard & Poor's Corp., Moody's Investors Service Inc. and Fitch Ratings are paid by governments and companies who want to sell bonds. The three agencies control 95% of the market for ratings. The survey was conducted by Ifop for the French Senate after S&P downgraded the country's credit rating earlier this year. Ifop interviewed 352 professional investors by telephone. The survey highlighted questions among investors on the role of ratings firms during tthe time of the U.S. subprime-lending difficulties, which led to the 2008-09 global credit squeeze, and Europe's sovereign-debt crisis. As many as 84% of those polled said agencies kept their ratings "manifestly over-valued" on many securities, only to "brutally devalue them" at the last moment. However, the report also showed that 59% of investors have a "good image" of agencies and 65% believed they do a "meticulous" job. "It is a paradox. We consider that agencies have gigantic power, even excessive, but at the same time we are constrained to go through them," said Mr. de Montesquiou. The lack of competitors in the credit-rating sphere is another concern expressed by 64% of investors polled. "There are only three agencies that control the whole market. Competition does not really exist," said Mr. de Montesquiou. European leaders have frequently blamed the three main rating agencies for worsening the debt crisis. -Write to Hugo Passarello Luna at [email protected]

Stock News for Moodys (MCO)
DateTimeHeadline
02/28/201708:00:00Moody’s Analytics Launches the PartnerAlliance Program
02/28/201708:00:00Moody’s Analytics lance son programme PartnerAlliance
02/28/201708:00:00Moody’s Analytics startet das PartnerAlliance-Programm
02/28/201707:00:00Moody's Corporation Prices Senior Unsecured Notes Offering
02/27/201717:28:45Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
02/27/201716:32:07Statement of Changes in Beneficial Ownership (4)
02/27/201716:25:51Statement of Changes in Beneficial Ownership (4)
02/27/201716:25:26Statement of Changes in Beneficial Ownership (4)
02/27/201716:24:32Statement of Changes in Beneficial Ownership (4)
02/27/201716:24:07Statement of Changes in Beneficial Ownership (4)
02/27/201716:22:02Statement of Changes in Beneficial Ownership (4)
02/27/201716:21:04Statement of Changes in Beneficial Ownership (4)
02/27/201716:19:40Statement of Changes in Beneficial Ownership (4)
02/27/201709:06:01Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
02/24/201707:00:00Moody's Corporation to Present at the Raymond James Institutional...
02/24/201706:07:47Annual Report (10-k)
02/24/201706:07:18Automatic Shelf Registration Statement of Securities of Well-known...
02/20/201720:30:00AFFIN Bank Implements Moody’s Analytics Software Solutions t...
02/17/201708:01:38Current Report Filing (8-k)
02/17/201707:00:00Moody's Corporation Reports Results for Fourth Quarter and Full...

Moodys and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US