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DBRS breaks Europe

As regulators push for greater competition among the rating agencies, Nikki Marmery meets the people entrusted with Canadian firm DBRS's push into Europe

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The rating agencies sit at the very heart of the credit markets. They have the power to decide how much debt a company may issue and at what price it may come to market; they command what securities investors and index providers may hold in their portfolios and indices; they can delay development of new structured products while they decide how to rate them.

The relationship between these

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