European Parliament 12 November 2012, Written question E-010284/12 Salvador Garriga Polledo (PPE) to the Commission. ‘Misleading’ rating agencies

Question for written answer E-010284/12 to the Commission Salvador Garriga Polledo (PPE) (12 November 2012) Subject: ‘Misleading’ rating agencies The rating agency Standard & Poors (S&P) has recently lost a case in Australia for ‘misleading and deceptive’ ratings of toxic financial products that triggered the 2008 financial crisis and that have cost millions in losses in the country.