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Police raids rating agencies in Milan

05.08.11 @ 09:38

  1. By Lisbeth Kirk
  2. Lisbeth email

The Milan offices of Moody's and Standard & Poor's were raided on Wednesday as part of investigations into their role in the recent financial turmoil. The chief prosecutor of Trani told Reuters his office were checking whether the rating agencies "respect regulations as they carry out their work".

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