> I wonder, what it would take to have another ratings agency ? The hard part is getting recognized, especially by govts. There's a problem in there somewhere

> I wonder, what it would take to have another ratings agency ? The hard part is getting recognized, especially by govts. There's a problem in there somewhere.... > Is this simply a case of Market Incumbency ? In much of the world, anyone can publish an opinion on any bond and lots of folks do, even if few of them call themselves "rating agencies".