Antitrust Antitrust

Moody's, Fitch, S&P could lose their oligopoly with new credit-rating laws, ESMA analysis says

By Jack Schickler
  • 01 Sep 2021 07:06
  • 01 Sep 2021 07:06
Laws compelling issuers to use smaller credit-rating agencies could inject more competition into a market dominated by Moody’s Investor Service, Fitch, and S&P Global Ratings, an analysis by the European Securities and Markets Authority has shown. 

The three giants have maintained a combined market share of over 90 percent in spite

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