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Investment grade ratings range from AAA to D. A third rating, from Moody's Investors Service, is expected shortly.
Standard & Poor's, the third rating firm, said it already employed "the same scale across all sectors" of debt.
But what is the benefit of paying a second or third rating agency, when all of them failed to predict adverse events such as the financial crisis?
The material entry of a third rating agency (Fitch) to the competitive landscape offers a unique experiment to empirically examine how increased competition affects the credit ratings market.
A third rating service, Fitch Inc., was cautiously hopeful".We believe that the new team seems to be ready to take on some of these challenges, said a director, Joseph D. Mason.
According to the American Psychological Association's (APA) survey done in 2008, half of Americans surveyed reported that their stress level increased over the year with one third rating their stress as extreme.
Similar(52)
"It's third rate".
I'm just satisfied being third rate?' ".
"We've settled for third rate devolution".
Second-rate ?
"He was first-rate.
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