3CIF, Moody’s faulted for suspension shock

24 May 2012

Bankers have blamed both 3CIF and Moody’s for the unexplained two week suspension of the French mortgage lender’s debt, which the Autorité des Marchés Financiers (AMF) finally lifted on Thursday.

3CIF insisted it was obliged to keep investors in the dark while the rating agency reassessed its credit, but market players countered that the lack of communication led to panic and wild rumours.

"Investors assume that if a bank cannot say what is going on it must be the ...

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