TITLE

Justice Department expresses concern on Moody's, S&P

AUTHOR(S)
Hume, Lynn Stevens
PUB. DATE
March 1998
SOURCE
Bond Buyer;03/10/98, Vol. 323 Issue 30347, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the US Justice Department has raised questions about whether the continued domination of the ratings industry by Moody's Investors Service Inc. and Standard & Poor's would be anticompetitive. Agency's effort to urge the US Securities and Exchange Commission to revise the standard-setting proposals to encourage more firms to enter the business; Moody's Investors and Standard & Poor's reaction to the move.
ACCESSION #
347280

 

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