LONDON--(BUSINESS WIRE)--Fitch Ratings today released its response to the European Commission's consultation on Credit Rating Agencies (Nov. 5, 2010).
Fitch's comments focus on the five topics raised in the Consultation:
--Over-reliance on ratings;
--Sovereign debt ratings;
--Enhancing competition;
--Civil liability; and
--Potential conflicts of interest.
The full text of the letter response can be found at 'www.fitchratings.com' under 'Regulatory Affairs & News'.
Additional information is available at 'www.fitchratings.com'
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.