FCA: Concentrated wholesale data markets may mean higher rates
Top three credit rating agencies accounting for 99% of revenue
Top three credit rating agencies accounting for 99% of revenue
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Fitch lowered US credit rating to AA+ from AAA following repeated debt ceiling crises
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Covid-19 or a weakening market position are the biggest risks to downgrade for the new rating
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Russ Koesterich, global chief investment strategist at BlackRock, has said the continued rise in US long and short-term rates is likely to push the dollar higher, exerting pressure on precious metals prices and supporting the case for hedging currency exposure in international stocks.
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ESMA intends to reduce over reliance on credit ratings agencies with asset management.
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Sovereign debt should have as much transparency as listed companies, according to the ESMA.
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