EU proposals for credit ratings rules require close monitoring by hedge funds

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EU proposals will affect ratings given to European sovereign and institutional debt

The European Commission has proposed new rules for the issuance and use of credit ratings, including requirements that hedge fund managers look beyond ratings when evaluating credits.

The proposals will need to be closely monitored by hedge fund managers as they could have a significant impact on the way they evaluate investments.

Draft proposals for regulations published by the European Commission on  November 15 include requirements for alternative investment fund (AIF) managers not to "solely

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