Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

12 November 2013

ロイター:5カ国の格付機関が合弁格付機関設立、ビッグ3に対抗


Default: Change to:


Credit ratings organisations from five countries are launching a new global agency, touting it as an alternative to the Big Three agencies which they say no longer meet the needs of the new globalised world.


ARC-Ratings said it would officially launch on November 20 in London as a joint venture between CPR of Portugal, CARE Rating of India, GCR of South Africa, MARC of Malaysia, and Brazil's SR Rating.

The credit ratings business is dominated by Moody's, Standard & Poor's and Fitch, which together are estimated to control more than 90 per cent of the market.

ARC said the dominance of the three amounted to an oligopoly of sorts, US centric and prone to failures, as highlighted after the 2008 subprime crisis in the United States and the eurozone's more recent problems. "Working together, the agencies will provide ratings answers to the new multi-polar world economy in direct competition with US-centric agencies", ARC said, adding that its ratings would be guided by a "multi-perspective approach and local expertise". "An automatic centre of gravity is replaced by a global cooperative approach to credit ratings."

Full article



© Reuters


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment