Raising the standard

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Since Enron’s spectacular collapse one year ago and with the rapid deterioration in US and European companies’ credit quality, the credit rating agencies have come in for a barrage of criticism over the timeliness and value of their ratings.

But François Veverka says the rating agencies must keep their nerve in the face of such attacks. As Standard & Poor’s head of credit market services in Europe and director of the firm’s credit rating service, Veverka is in a good position to comment, bei

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