Martedì, 23 Ottobre 2018

Lazio Audit Court court probes rating agencies


(see related story on site).
Trani, November 12 - Lazio's Audit Court has opened
an investigation into alleged market manipulation by two
international rating agencies and has estimated damages to the
Italian Treasury at 120 billion euros, the chief prosecutor in
the southern Italian city of Trani said on Monday.
Trani Prosecutor Carlo Maria Capristo also announced on
Monday that prosecutors there had requested indictments for top
management at Standard & Poor's and Fitch agencies in a parallel
Standard & Poor's called the Trani prosecutors' accusations
"totally unfounded" on Monday, and added that the agency will
continue to work "without fear".

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