Dearth of Investors Plan to Set Up European Rating Agency Under Threat

The project to set up a European rating agency to challenge the dominance of American firms is at risk of collapsing, the German business daily Financial Times Deutschland reported on Monday. International consulting firm Roland Berger can't find enough investors for its plan, the report said. But it hasn't completely given up hope.
The hallowed triple-A rating, which France has lost. Europe has criticized the role of US rating agencies in the debt crisis.

The hallowed triple-A rating, which France has lost. Europe has criticized the role of US rating agencies in the debt crisis.

Foto: Ian Langsdon/ dpa
cro -- with wire reports