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 & Poor’s, Moody’s and Fitch. All three US-based agencies work on a for-profit basis that Krull wanted to challenge...