EU watchdog fines S&P 1.1 million euros for premature credit ratings

March 24, 2023 07:00 PM AEDT | By Reuters
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LONDON, March 24 (Reuters) - The European Union's securities watchdog has fined S&P Global Ratings Europe 1.1 million euros ($1.19 million), it said on Friday after finding that S&P published credit ratings before the relevant securities had been issued.

The European Securities and Markets Authority (ESMA) also issued a public notice for breaches of credit rating agencies regulations.

S&P can appeal against the decision, ESMA said. ($1 = 0.9234 euros)

(Reporting by Huw Jones and Andres Gonzalez Editing by David Goodman)


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