APR-12(1)

A number of entities are not very happy these days with the big three credit rating agencies. And that displeasure is stretched pretty much across the board, world-wide. Those who are displeased with recent ratings movements have been mulling over using competition policy and antitrust laws as a potential counter-attack; after all, there are only three significant agencies, so isn’t that a concentration of market power? This issue takes a look both at whether the displeasure is indeed wa