EU fines Moody's for failing to disclose conflicts of interests

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REUTERS: The European Union's markets watchdog said on Tuesday it has fined credit ratings firm Moody's 3.7 million euros (US$4.35 million) ...

REUTERS: The European Union's markets watchdog said on Tuesday it has fined credit ratings firm Moody's 3.7 million euros for breaching rules including the failure to disclose conflicts of interests.

"ESMA found that MIS had no intent to infringe the EU regulation and there was no impact on the quality of any ratings," a Moody's spokesperson said in an e-mailed statement to Reuters.

 

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