Kroll Says Big Ratings Agencies Spreading Rumors
Did the three major ratings agencies engage in a whisper campaign against a smaller competitor? Kroll Bond Ratings Agency founder Jules Kroll was reported as “irate” over what he says is a “coordinated effort” by Moody’s, S&P and Fitch to spread rumors of an SEC investigation into a recent divisional acquisition. At the center of the issue is an Securities and Exchange Commission inquiry over the impact a private equity buyout might have on ratings quality amid potential increased profit margin pressure.
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