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GAAP.RUNewsFirms consider move into ratings arena

Firms consider move into ratings arena

KPMG and PwC looking at credit ratings work

Author: Pat Sweet

Publication date: 17 May 2010

The primary role of the credit ratings agencies, which were heavily criticized during the financial crisis, is under threat from the major accountancy firms who are now considering a move into this area themselves.

The primary role of the credit ratings agencies, which were heavily criticized during the financial crisis, is under threat from the major accountancy firms (primarily “Big Four” companies like KPMG and PwC) who are now considering a move into this area themselves – on that, John Griffith Jones informed “The Financial Times”.