Tuesday, November 13, 2012

Rating agencies to face trial in Italy





Prosecutors in southern Italy have asked for seven officials at two of the world's major rating agencies to stand trial as part of a market-rigging probe into the downgrades of Italy last year, Italian tax police said.


Prosecutors in the town of Trani dropped allegations against two officials at rival agency Moody's Investors Service, which had been previously targeted in the investigation, police said in a statement.









via Business feed http://www.scmp.com/business/economy/article/1081199/rating-agencies-face-trial-italy

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