Credit rating agencies: what are the alternatives for energy markets?

Beyond the big three

Three wise monkeys

The 2008 financial crisis sullied the reputations of many high-flying banks and once-venerable institutions. But few firms were dragged through the mud quite as much as the ‘big three’ rating agencies. Standard & Poor’s (S&P), Moody’s Investors Service and Fitch came under fierce criticism for missing the boat on the bankruptcy of Lehman Brothers and for slapping AAA ratings on dubious mortgage-backed securities that collapsed like a house of cards once the US housing bubbled popped. Hauled

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