SA watchdog finds S&P Global broke rules on ratings
On-site inspection conducted by the Financial Sector Conduct Authority reveals failures to comply with the Credit Rating Services Act
25 October 2023 - 05:00
The Financial Sector Conduct Authority (FSCA) has found S&P Global Ratings breached the country’s ratings rules and its own internal policies by secretly withdrawing a credit rating of an unspecified company without informing investors.
The FSCA picked up this transgression during an on-site supervisory inspection conducted at the end of 2022...
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