Rating reform

The credit rating agencies have been the target of some harsh criticism from all sections of the debt markets during the last few years, with an increasing number of concerns being voiced about the credibility and reliability of the agencies and of the rating process itself. Until now, the industry has done little but discuss these concerns with minimal action to resolve the issues, but the companies that rely on these ratings now look set to take the matter into their own hands.

Among the princi

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