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Abu Zaid: I believe that the Iranian operation was multi-layered, combining cyber and electronic attacks with coordinated on-the-ground infiltrations by agents
Abu Zaid: Usually, archives of such sensitivity are typically protected by a full-scale security system, but it appears that Iranian intelligence managed to make use of a gap in it
Strategic military expert Nidal Abu Zaid: Iran has stripped "Israel" of the superiority and deterrence long boasted by its security minister, chief of staff, and other top officials
Fallahpour: Iran may use these documents in its battle with the United States and Western countries over its nuclear program
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Sources to Al Mayadeen: Number of documents so great that merely studying them, along with accompanying images and footage will require a great deal of time.
Sources to Al Mayadeen: Large data trove was confirmed to have arrived to "safe sites".
Sources to Al Mayadeen: Operation had taken place in past, but large size of documents and need to transfer entire batch inside Iran necessitated secrecy.

S&P fined for releasing credit ratings to public prematurely

  • By Al Mayadeen English
  • Source: Agencies
  • 24 Mar 2023 13:26
2 Min Read

S&P Global Ratings Europe and the European Securities and Markets Authority (ESMA) both published credit ratings before the concerned securities were issued by 6 unidentified entities.

  • x
  • The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. (Reuters)
    The S&P Global logo is displayed in its offices in the financial district in New York City, US, on December 13, 2018. (Reuters)

The European Union's markets authority imposed a fine on Standard & Poor's following their release of credit ratings prematurely to the public, the regulator said on Friday.

S&P Global Ratings Europe was fined 1.1 million euros, (the equivalence of $1.2 million) for the breaches taking place between 2019 and 2021, as the European Securities and Markets Authority reported.

Read more: Fitch and S&P: Ukraine falls in default over debt restructuring

S&P Global Ratings Europe and The European Securities and Markets Authority (ESMA) both published credit ratings before the concerned securities were issued by 6 unidentified entities. 

"Publishing a credit rating before the issuance of the rated securities may result in harm to the issuer, to investors, and more generally to the orderly functioning of the financial markets," ESMA chair Verena Ross said.

The ESMA pointed out flaws in S&P's internal control procedures. It also pointed out breaches in the agency's transparency obligations.

It is noteworthy that S&P can appeal the fine.

Read next: US stocks head for worst week since bottoming in June

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