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Vote for 'more accountable' credit rating agencies

16 January 2013 Last updated at 07:45 GMT

A vote to make credit rating agencies fairer and more accountable is to take place in the European Parliament in Strasbourg.

The role of commercial agencies, such as Moody's and Fitch, is to assess if companies and sovereign states are likely to repay their debts on time.

Nigel Cassidy reports.