EU Weighs Letting Countries Refuse Credit Ratings, Welt Reports

The European Parliament may allow member countries to refuse reviews by credit-ratings agencies, Die Welt reported, citing a draft of a proposed resolution.

“Ratings agencies should be forbidden from publishing noncommissioned credit ratings,” the newspaper cited the resolution draft as saying in an e-mailed preview of an article to be published tomorrow.

Leonardo Domenici, an Italian member of the parliament, plans to introduce the resolution at the end of February, Welt reported.

To contact the reporter on this story: Naomi Kresge in Berlin at nkresge@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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