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. Kroll claims competitors spreading rumors of SEC evaluation of acquisition At issue is a recent private equity investment…
Kroll Says Big Ratings Agencies Spreading Rumors
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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