A New Player in the Game

This is an interesting development in the evolution/restructuring of the credit rating infrastructure!  We have a NEW player now that will provide ratings – on a limited basis to start out – but they will NOT be charging the companies that they rate.  This removes the conflict of interest that has potentially been a source of so many problems and could lead the other, larger rating agencies to eventually follow the same model.

Morningstar Enters the Credit-Rating Game – Los Angeles Times, December 2, 2009