Issuers hit back at agencies

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The rating agencies have come in for some sharply worded criticism from all sides of the market in recent months, and with an ever-increasing number of corporate issuers queuing up to complain, the trend shows no signs of abating. The latest companies to join the list of plaintiffs are Swedish telecoms equipment maker Ericsson, German industrial conglomerate ThyssenKrupp and US software maker Compuware.

Ericsson criticised Moody’s after the rating agency cut the company’s long-term debt rati

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