Economics
Three Big Credit Raters Maintain Dominance of Grading Business
CHICAGO, IL - DECEMBER 16 : Traders in the Standard & Poor's 500 stock index options pit at the Chicago Board Options Exchange (CBOE) react to the Federal Reserves interest rate hike December 16, 2015 in Chicago, Illinois. The Federal Reserves raised the interest rates for the first time since 2006 by 0.25 percentage points.
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So much for breaking up the credit ratings triopoly.
Standard & Poor’s, Moody’s Investors Service and Fitch Ratings are maintaining their grip on the business for U.S. credit ratings, according to the U.S. Securities and Exchange Commission.