BUSINESS EU fines Moody's 3.7 mn euros over conflicts of interest

BUSINESS

EU fines Moody's 3.7 mn euros over conflicts of interest

AFP

15:04, March 30, 2021

Moody"s headquarters in Lower Manhattan in New York. (Photo: China Daily)

The European Union's markets watchdog announced on Tuesday a 3.7 million euro ($4.3 million) fine against the Moody's credit ratings agency over breaches of conflict of interest rules.

The violations involved Moody's entities in Britain, France, Germany, Italy and Spain, according to the European Securities and Markets Authority.

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