The very intensive debate on external rating made that abundantly clear.

There is a good home rating scheme developed in my own constituency which should be far more widespread.

2844 It is not the establishments but the instruments which should have a high rating.

It is important that we know who the actors are and what their credit rating is.

We must also critically examine the classification societies.

Ice classification must also be taken into account in this context.

Much more stringent measures must be imposed to make classification societies effective.

In my opinion, the approval and scrutiny of classification societies must be tightened up.

That is the only deterrent we have for preventing other classification companies from following suit.

The first was rationalization in terms of information policy, the agencies and nomenclature.