Credit-rating Companies responded to market chaos, when decreasing some European countries, annoying the region's crisis by failing to provide opportune risk assessments, shared Banque de France Governor Christian Noyer.

Noyer shared that there has been completely no change in information available for months before the companies cut the ratings Spain and Portugal, which indicated that the decisions could have been made earlier.

The member of the European Central Bank's governing council opined that the untimely downgrades are an "enormous problem".

On May 28, Fitch Ratings lowered Spain's rating to AA+ from AAA, capping off a month, where the European Union and the International Monetary Fund were forced by the growth of Europe's debt crisis to offer as much as 750 billion Euros to countries who were prone to the danger of financial instability.

Noyer said, "The fact that these decisions were taken at a certain point of time under the stress of markets seems to show that credit rating agencies are simply not giving information to markets but taking information from markets".

He added that the signals are not being sent by them in certain time and they are sending it when it's too late and escalating the problems.