New credit rating agency launches to challenge dominant firms Fitch, Moody's, S&P

A new credit rating agency has launched to compete with the three major firms: Fitch, Moody's, and S&P Global. The new entity, called 'The Big Three', aims to provide alternative assessments for investors. This move follows increased regulatory scrutiny and market demand for more competition in the ratings sector. The agency's launch represents a direct challenge to the long-standing dominance of the established players.