The congress of the USA will be engaged in rating agenciesto find out their role in bankruptcies of 2001
Yesterday The Financial Times has informed that the congress of the USA intends to start in the near future investigation of a role of leading rating agencies in a series of large bankruptcies, proisshedshih last years.
the question on activity of three largest rating agencies becomes a subject of the most steadfast attention of committee of the congress of the USA on the financial markets: Standard and Poor ` s, Moody ` s Investors Service and Fitch Ratings. The congress has set a problem for experts of committee to define, whether there was an information given by these agencies to clients, impartial. A press - the secretary of committee of the congress of the USA on the financial markets Richard Bejker has declared that the investigation purpose - “ to provide such level of work of rating agencies at which investors could rely entirely on the information given by them “.
Forthcoming investigation will be carried out against discussion not ceasing in the USA about necessity of serious reform of rating sector. Such necessity began to be felt especially strongly after a train of loud bankruptcies of such power giants, as Enron or Houston energy.
All four days prior to the announcement of last the bankrupt rating agencies estimated it as investment grade, that is suitable for investment. Subsequently it costed to investors of billions dollars of losses. Meanwhile changes in the American sector of rating services are already carried out. Last month the commission on securities of the USA has given the official status to agency Dominion Bond Rating Services. This step is directed on creating a competition “ to the big three “ agencies.
FEODOR - KOTRELEV