Private Eye Jules Kroll Makes Friends in the Rating Biz

Jules Kroll speaks during an interview in New York on May 21, 2012 Photograph by Scott Eells/Bloomberg

Jules Kroll, the pioneer corporate private eye, has turned his attention to the credit-rating business with all the finesse of a rusty crowbar. In May, Kroll, who started a bond-evaluation company in the wake of the 2008 financial crisis, took part in a roundtable sponsored by the Securities and Exchange Commission. He opined at the Washington session that the largest credit-rating companies—Standard & Poor’s, Moody’s Investors Service, and Fitch Ratings—were once again putting profit ahead of accuracy.

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