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MPs slam rating agencies over Northern Rock

Representatives from the three main rating agencies go before a House of Commons committee to answer for their supposed failings in warning investors of trouble at the embattled UK lender

The UK's Treasury Select Committee took the rating agencies to task last month over their role in the debacle involving struggling UK lender Northern Rock. The rating agencies gave testimony to the House of Commons Treasury Select Committee on November 13 as part of its continuing enquiry into financial stability and transparency. The committee questioned rating agency representatives on their

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