...if they can be censored? Rather, set the ratings and let the market set the clearing rate on the "informational content" of the ratings. I particularly appreciate the use of "ill thought out", as if political organizations can be trusted to provide objective, rational viewpoints.
BRUSSELS (Reuters) - The European Union's executive may ask for powers to censor credit ratings for countries in crisis, its financial reform chief said on Thursday, describing a ban as one way of stopping fallout from "ill-thought-out" ratings.
The proposal, which officials cautioned may be impossible to police, would be the most stringent curb yet on rating agencies and highlights frustration in France, which was this week warned by Moody's that its top rating was under threat, and Germany.
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