And thank you for your insightful article! I always enjoy reading your posts!
Even though it is hardly an alternative to a credit rating agency per se, what would you say about another dimension to a credit rating to become trustworthy (which is why alternatives are being considered in the first place!), which I will present below.
I have noticed a growing debate over issuer-paid ratings (model currently used by the Big Three rating agencies and many others) VS the investor-paid model. The latter is claimed to eradicate the conflict of interest inherent in the rating and, hopefully, make the credit rating more trustworthy.
Hi, Jason
And thank you for your insightful article! I always enjoy reading your posts!
Even though it is hardly an alternative to a credit rating agency per se, what would you say about another dimension to a credit rating to become trustworthy (which is why alternatives are being considered in the first place!), which I will present below.
I have noticed a growing debate over issuer-paid ratings (model currently used by the Big Three rating agencies and many others) VS the investor-paid model. The latter is claimed to eradicate the conflict of interest inherent in the rating and, hopefully, make the credit rating more trustworthy.