Oligopolies are rarely attractive. Add in political sensitivities, and it is no surprise that European regulators are eyeing the credit rating agencies. According to the influential Bruegel think-tank, Moody’s, S&P and Fitch account for all but 3 per cent of credit ratings outstanding.
壟斷很少招人喜歡。加上政治敏感性，歐洲監管機構把目光投向評級機構(CRA)也就不足為奇了。根據頗有影響力的智庫Bruegel的數據，穆迪(Moody’s)、標準普爾(S&P)和惠譽(Fitch)的信用評級業務在全球市場的份額占到97%。
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