Too big to fail, too big to rate
Dominique de Villepin, former French prime minister, tells FinanceAsia that banks should never again be allowed to become so huge, and that Asia needs a credit ratings agency.
November 05, 2013
Moody’s Corporation (Moody's) has acquired an undisclosed minority stake in Philippine Rating Services Corporation (PhilRatings). Moody's is the first global credit rating agency to invest in a domestic agency in the Philippines.
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