Comments on CSA proposals are due by Oct. 4
The German and U.K. divisions of Moody’s Investors Service breached rules governing credit rating agencies
North American issuers made up majority of defaults so far this year
The ERP is an important element of ESMA’s work to increase transparency around credit ratings and help investors make informed decisions
Consultation paper examines how these products differ from traditional credit ratings
The majority of negative ratings are in emerging markets while in developed markets, there were 16 rating upgrades in the first half
Credit rating agency sanctioned for rule breaches
DBRS says purchase consistent with bank’s stated strategy
The result of the recent Brexit referendum has resulted in a lower outlook for the U.K.’s banking system and 12 banks and building societies
The credit-rating agency may lower RBC’s rating over the next two years because of its increased appetite for risk relative to other Canadian banks