European rating agency to appear already in 2012
Roland Berger is to establish a European rating agency aiming at becoming a competitor for the "big three" – Fitch, Moody's and S&P. Its concept will be based on a completely different approach – ratings will be paid for by investors and not by issuers.
Already in the second half of 2012 credit ratings will be available for banks, in 2013 – for companies and financial instruments.
According to our company's Partner Markus Krall, the European agency will cost EUR 300 million and employ ca. 1,000 employees, its HQ will be located in Frankfurt-on-Main.
Already in the second half of 2012 credit ratings will be available for banks, in 2013 – for companies and financial instruments.
According to our company's Partner Markus Krall, the European agency will cost EUR 300 million and employ ca. 1,000 employees, its HQ will be located in Frankfurt-on-Main.
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