Skip to comments.EU-based credit rating agency buried
Posted on 05/01/2013 12:12:21 PM PDT by Olog-hai
Plans to launch an independent European credit agency have fallen apart after it failed to generate enough interest in the business world.
After three years of efforts, its co-founder renounced the plans, in an interview with the German daily Handelsblatt on Tuesday (30 April). There were not enough investors, Markus Krull, a former senior partner in the German-based consultancy firm Roland Berger, told the daily in an interview.
Krull envisioned an agency that would compete with the US-based equivalent Standard & Poors, Moodys and Fitch. All three US-based agencies work on a for-profit basis that Krull wanted to challenge with an agency based on a foundation model.
(Excerpt) Read more at euobserver.com ...
They don’t want anyone telling the truth.