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Response by Danmarks Nationalbank to the European Commission's public consultation on credit rating agencies

Danmarks Nationalbank welcomes the opportunity to comment on the European Commission's public consultation on credit rating agencies (CRAs).Danmarks Nationalbank recognizes that the CRAs play a significant role in today's financial markets and that it is crucial that the CRAs consistentlyprovide high quality, independent and objectivecredit ratings. We are concerned, though, that restrictions on the use of external ratings may have adverseeffects on certain investors and issuers...