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MulberrySale The United States and two major rating agencies Fitch and Moodie hasno new proposals in the" public blunders" provision demur.

Credit rating industry development is theestablishment of social credit system is the important link of. The market forcredit approval, depending on the integrity as the core of the ratingagencies" reputation capital", and" reputation capital"accumulate not built in a day. International credit rating market, standard& Poor's, Fitch and Moodie these three institutions that have long-termcontrol of discourse right, and the" century-old store" "leadingedge" inseparable. This "first advantage" is not a simple time,more important is enterprise credibility, is their ratings were"consistently reliable" of good reputation. This accumulation not onlyenable them to acquire a monopoly position in the market, even its ratingsystem has also been widely recognized, to become the industry standard.

However, the market does not believeeternal authority. The American sovereign credit rating after disturbancepasses, people found that, despite the three major institutional status wasalso difficult to shake, but the people of the credit rating industrydevelopment has resulted in a new understanding, and directed at the existingcredit rating mode of operation led to the ratings of credibility problems.

Existing credit rating operation patterndefect mainly for two points : one is the cost paid by those who are evaluatedratings, rating activities easily by the bundle of benefits; two is" blackbox operation", the rating process is not open. The two make ratings werediscredited. And this is accompanied by a, for the business, a number of ratingagencies and disorderly competition, credit information in the event of"jerry-built"," to meet customer expectations", also affectthe ratings of the quality and the healthy development of the industry.

China's credit rating industry startedlate," reputation capital" is the lack of influence on thedevelopment of the" short board". In the international credit ratingindustry development is faced with reform, domestic credit rating agenciesshould establish good luck consciousness and sense of urgency, adhere to theintegrity of life, at the same time, bold reform and innovation, tamp thecredit rating credibility mechanism foundation, through the efforts ofunremittingly" reputation capital accumulation", gradually enhancethe influence. The relevant departments should strengthen the supervision,standardize the market order, to establish a credit rating significantdistortion of the disciplinary mechanism, ensure that the rating result is trueand reliable.

In many European politicians in the eyes,the world three major credit rating agencies -- Moodie, Fitch and standard& Poor's not prophesy catastrophe wise, but has become the amplifying thecrisis, rendering the panic troublemakers.

Back in 2009 December, standard &Poor's and Fitch, Moodie" big three" have been announced for Greece'ssovereign credit rating downgrade, cause international market shocks, opened aGreek debt crisis and the debt crisis in Europe for the big screen. Mulberry Sale online