According to professor Frank Partnoy, the regulation of CRAs by the SEC and Federal Reserve Bank has eliminated competition between CRAs and practically forced market participants to use the services of the three big agencies, Standard and Poor's, Moody's and Fitch.
Central Intelligence Agency | National Security Agency | European Space Agency | International Atomic Energy Agency | United States Environmental Protection Agency | Federal Emergency Management Agency | United States Agency for International Development | United States Information Agency | Credit Suisse | Environment Agency | credit card | International Energy Agency | Consumer Credit Act 1974 | William Morris Agency | Credit Suisse First Boston | Crédit Lyonnais | advertising agency | The No. 1 Ladies' Detective Agency | Elo rating system | Xinhua News Agency | Naval rating | Motion Picture Association of America film rating system | Defense Intelligence Agency | credit union | Creative Artists Agency | Canadian International Development Agency | Advertising agency | Texas Education Agency | Social Credit Party of Canada | Red Cloud Agency |
Information and Rating Agency Credo Line was established with support of foreign export credit agencies and Ukrainian partners in June 2008 with the view to achieving maximum transparency on the information market of CIS countries and qualitative improvement of rendered services.
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The described support is explained by utmost necessity of establishment of an objective, independent and specialized rating agency, professionally able to credit assess risks of importing enterprises located in Ukraine, as well as throughout territory of the CIS region.
Journalist Michael Lewis argues that the low pay of credit rating agency employees allowed security issuers to game the ratings of their securities.