Coface is to launch financial rating service

Credit management company Coface is to launch a financial rating service. It comes as draft regulation on credit rating agencies has been submitted to the European Parliament. Coface said it intended to submit its new financial ratings service for the approval required by the text and will call for a tightening up of the draft. Coface stated: "Reliable financial ratings issued by multiple agencies at a reasonable price are essential to creating confidence. This has been proven by the very

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