EU-based credit rating agency buried

Plans to launch an independent European credit agency have fallen apart after it failed to generate enough interest in the business world. After three years of efforts, its co-founder renounced the plans in an interview with the German daily Handelsblatt on 30 April 2013.

“There were not enough investors,” Markus Krull, a former senior partner in the German-based consultancy firm Roland Berger, told the daily in an interview.

ESO: Background information: Parliament to dismiss plans for European credit ratings http://www.europeansources.info/record/parliament-to-dismiss-plans-for-european-credit-ratings/

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