31.   But EU officials said the ruling provided the chance for them to conduct a risk analysis and continue with the ban.

32.   He said the company should have had a risk analysis carried out by experts.

33.   It said the EU ban was not backed up by proper risk analysis.

34.   The nature of the ratings business is risk analysis.

35.   The ruling said the European trade policy was illegal because it was not backed up by a proper risk analysis.

36.   The risk analyses project and quantify the likelihood of loss or less-than-expected returns.

37.   The World Trade Organization ruled the ban illegal last year because it was not backed up by proper risk analysis.

38.   But he stressed that risk analysis remained essential.