A rating agency issues non-binding interim ratings on securitization paper submitted to it by a special purpose entity in return for payment. This provides the opportunity to modify the paper toward the desired final rating grade. In this process, some saw a conflict of interest for the rating agencies between providing advice and grading. – See product registration, rating adjustment, rating grade, securitization.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/