01.11.2011 - Oil fund to curb credit bureau power
The head of Norway’s huge oil fund wants to rein in the powerful credit bureaus that seemingly can determine the destiny of European countries in crisis, along with returns on the fund itself. The move comes after the fund reported the biggest losses in its 15-year history. Newspaper Dagens Næringsliv (DN) reported over the weekend how current rules require that the oil fund sell off debt instruments issued by foreign governments if the credit rating of the countries involved is downgraded by one of the major credit bureaus...............................................Full Article: Source
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