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8 Jan 2009, 7:47 pm
This is part of a larger plan to improve the rating process and boost transparency, and restore confidence in the accuracy of its credit ratings.Investors and regulators have taken the key national credit rating agencies, including Moody's Corp's (MCO.N) Moody's Investors Service and Fimalac SA's (LBCP.PA) Fitch Ratings, to task for inappropriately giving high ratings to mortgage and other complex securities till 2007.In his new role, Groves will field… [read post]