Credit Rating Agencies and Competition Law

Norman Neyrinck, Nicolas Petit, Apr 17, 2012

Editor’s Note: This paper was originally published in the August 2011 issue of the CPI Antitrust Chronicle; however, given the appropriateness of the paper for this symposium and its continuing relevance, we are reprinting it.

It will have taken policy makers an extra financial crisis to realize that financial markets should not be hostage of the predictions of the “big three” credit rating agencies (the “CRAs”), i.e. Moo