City A.M.: Ratings Agencies Won’t be Trusted Without a Fight
January 23, 2012
Roger Aitken discusses how Rapid Ratings stacks up to the Big Three: “Rapid was the first agency to signal problems with MF Global…some 30 months before the broker filed for bankruptcy late and years before the big boys noticed. It appears not to be a fluke. Rapid made early calls on US housebuilders, an early signal of the sub-prime crisis, and provided forward-looking alerts on Bear Stearns, Enron, Parmalat, Ford and US Steel.”