Puerto Rico Rating Downgrades: Enron Redux?

On November 28, 2001 Enron lost its investment grade credit rating. Four days later, the company filed for bankruptcy. Those awaiting a similar collapse after Puerto Rico’s descent into junk Continue ReadingPuerto Rico Rating Downgrades: Enron Redux?

Why an European Agency cannot be founded

Last week Roland Berger announced that he did not received the needed funds to found an European rating agency (see http://www.bloomberg.com/news/2012-04-15/roland-berger-is-short-on-ratings-agency-startup-cash-ftd-says.html). Did you wondered why? Why are the investors not Continue ReadingWhy an European Agency cannot be founded