Forbes: Who Rates The Credit Rating Agencies After S&P Makes $1.37Bn Lawsuits Settlement?
March 8, 2015
Rapid Ratings was the first agency to signal problems in May 2009 with MF Global, the defunct US broker. That was some thirty months before the broker filed for bankruptcy and years before the Big 3 seemed to notice a deteriorating picture. Rapid made particularly good calls too on US house builders, an early indicator of the sub-prime crisis and provided forward-looking alerts on Bear Stearns, ENRON and Ford amongst others.
Is this not what the market needs – actionable and insightful ratings?