Dutch counsel confident of success as S&P faces new CPDO case

house-of-cards-mark-long

Since the crisis, credit rating agencies have defended their work with one phrase: it’s only an opinion. That defence has seen off dozens of lawsuits, mostly in the US, but it finally came unstuck in the Australian Federal Court, which on November 5 became the first in the world to find one of the agencies liable for flawed structured credit ratings.

In a judgement containing more words than War and Peace – and almost as much drama – judge Jayne Jagot found Standard & Poor’s (S&P) and ABN Amro

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: