An EU plan to impose tougher rules on credit rating agencies is "dangerous" and would limit the...

|By:, SA News Editor

An EU plan to impose tougher rules on credit rating agencies is "dangerous" and would limit the "quality and independence" of the rating process, Moody's (MCO) President and COO Michel Madelain says. The proposal reflects "an obsession to challenge the rating process itself, and to hold rating agencies responsible for the European debt crisis," in his view.