Hearing into ratings firms is pushed back

David Hellier
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A ROW between rival politicians has led to the postponement of a critical hearing into the behaviour of US ratings agencies in the run-up to the recent banking crisis.<br /><br />&ldquo;Some information has come to light which not all members of the committee have seen,&rdquo; a spokesman for the top Republican on the committee told City A.M. last night. &ldquo;The Democrats have had this information for two weeks,&rdquo; he continued.<br /><br />The House Oversight and Government Reform Committee, which was going to hear testimony from a former Moody&rsquo;s managing director yesterday, has&nbsp; been rescheduled for next Wednesday.<br /><br />Former Moody&rsquo;s managing director Eric Kolchinsky has said managers there favour revenues over quality.<br /><br />&ldquo;We wanted to give adequate time for the majority and the minority to digest the new information,&rdquo; a spokesman for the top Republican Darrell Issa said.<br />