Breaking the Power of the 'Big Three' German Firm Wants to Set Up New Rating Agency

European politicians are blaming the escalation of the euro crisis on the major rating agencies, and are determined to break the monopoly of the "Big Three." Supporters of an intiative by a German consulting firm to set up a European rival agency believe that their time has come.
The New York headquarters of Fitch Ratings.

The New York headquarters of Fitch Ratings.

Foto: Corbis
Translated from the German by Christopher Sultan