On rating agencies and their future…

Officials statement from the office of Monica Dorhoi, Vice President Risk Management and International Government Relations in Washington DC at 7:13 pm on Friday, October 29, 2016.

It is now more than two decades that I have participated into the annual meetings of the world Bank and International Monetary Fund and the related events of the major rating agencies.”

It is without a doubt that the rating agencies industry has the expertise it needs to complete the tasks of rating successfully. And I support it.”

“Without a doubt, being next to them reviewing their assessments for such a long period of time -as part of our own research gave us a first hand insight that not many banks working especially with sovereigns have.”

Thank you to Marie Frenkel, former Vice President at Moody’s who just retired for over a decade of friendship.

Special thanks also to S&P andthe Fitch ratings for the support.

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