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Ratings agencies have refused to apologise for mistakes made in the run-up to the subprime mortgage crisis – and warned more errors could be made in the future.
Defaqto has released its Star Ratings for private medical insurance (PMI) for the first time.
Bank of England governor Mervyn King has urged investors and public authorities to pay less attention to ratings agencies, which he said have often "rushed" to downgrade.
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Standard & Poor’s has maintained its AAA long-term credit rating for the UK and said the outlook remains stable, while warning GDP will be lower than forecast for the next three years.
Morningstar is set to launch a new colour-coded global analyst rating system for funds and a worldwide uniform approach for global fund research reports.
Ratings agency Fitch has warned that life companies which rely on independent financial advisers (IFA) to distribute their products could be negatively affected by the retail distribution review (RDR), and predicted a bright future for bancassurance.
Does the external rating of products add value and what can advisers use them for? Ben Heffer explains
The €440bn European Financial Stability Facility (EFSF) has been given the highest possible ratings by the three main agencies.
Health insurer Universal Provident’s AKG financial strength rating has been upgraded from ‘C’ to ‘B-‘.
Two of America's most noted financial commentators have argued the recovery of the US economy is not a given, despite the recent uptick in sentiment.
The City will be forced to publicly reveal the pay and bonuses of hundreds of traders and bank executives under a Treasury-backed plan to be released later today, reports The Guardian.
Standard & Poor's has welcomed today's approval by the European Parliament of a new system to register and regulate ratings firms within the EU.
Standard & Poor’s fund management ratings are now available on fund information and research website Trustnet.
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