In “How to Break up a Credit Ratings Oligopoly” (Institutional Investor, 3 Oct. 2018), K2 Intelligence founder Jules Kroll and KBRA, the credit ratings business also founded by Jules, is featured. The article notes that Jules, seeing a gap in the credit ratings industry, developed a new approach with an emphasis on forward-looking, qualitative research for KBRA. This thinking positively impacted the industry, in some areas causing competitors such as Moody’s, S&P, and Fitch to imitate KBRA’s offerings.
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