Positive response but challenges ahead for new retail rating agency [UPDATED]
- Wednesday, 14 July 2010
Retail market users have responded positively to the launch of a new ratings agency, Australia Ratings, which is the first to secure a licence to offer its credit ratings to retail investors. But the start-up firm faces both short- and long-term challenges in establishing a franchise, even though none of the existing agencies have elected to seek retail licences in Australia.
