The great rating debate


Credit rating agencies are in the sober business of assigning judgments of creditworthiness to institutions that issue debt. Theirs is hardly a world one expects to attract ugly accusations that they operate as an 'oligopoly' or that their marketing methods are 'pernicious'.

Yet that's exactly what happened at a conference to discuss competitive issues surrounding the rating agencies held in Paris in February.

Hosted by the Bond Market Association (BMA) at the Hotel Royal Monceau, the conference

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