DBRS says “Au revoir”

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DBRS says “Au revoir”

The clearest indication yet of the pressure rating agencies have been under since the credit crunch hit came this week when DBRS closed its European offices and slashed 70 jobs. EuroWeek explores how rating agencies are cutting back in the face of greatly reduced structured finance issuance just at the time that many investors would like them to devote more resources to surveillance.

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