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Irish bank - the idea was to break the US agencies' monopoly on ratings (Photo: Fergus Ray Murray)

EU-based credit rating agency buried

Plans to launch an independent European credit agency have fallen apart after it failed to generate enough interest in the business world.

After three years of efforts, its co-founder renounced the plans in an interview with the German daily Handelsblatt on Tuesday (30 April).

“There were not enough investors,” Markus Krull, a former senior partner in the German-based consultancy firm Roland Berger, told the daily in an interview.

Berger, as a partner, planned to help launc...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Irish bank - the idea was to break the US agencies' monopoly on ratings (Photo: Fergus Ray Murray)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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