The first European rating agency is to be established in Germany, Le French Figaro reported last week, with the German consulting firm Roland Berger having already collected PLN 300m for the purpose. The agency would begin to operate in September 2013 in the German city of Monachium, issuing notes on the economic condition of the countries as a competitor of worldās top three US agencies: Standard & Poor’s, Moody’s and Fitch. According to its founders, the agency will be āglobal (…) transparent and independentā, as it has been agreed to not be financed by its clients. The financing for setting up the agency has been provided by the biggest insurance companies, according to Le Figaro. Following a bitter words from the German Government regarding the US agenciesā activity during the crisis, the authorities have announced its support for the project.
