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K2 Global Parterns (Kroll Ratings)

RATING AGENCIES FACE FURTHER PAIN WITH LANDMARK WALL STREET REFORM BILL

The Senate passed the landmark ‘Wall Street reform bill’ which includes important new requirements and oversight of rating agencies.  The most damaging aspect of the reform bill for rating agencies is the liability provision.  Investors could bring private rights of action against rating agencies for a knowing or reckless failure to conduct a reasonable investigation of the facts or to ... Read More »

NEW COMPETITION LURKING IN THE WINGS FOR CREDIT RATING

Notwithstanding the imminent ‘thumb of government’ a number of companies have indicated their interest in entering the credit rating business:  Morningstar (see page 15), Bloomberg, Coface, Kroll, Hearst and not to be left out KPMG and PwC.  What makes them think they will do better?     BIIA Newsletter June I – 2010 Issue Read More »