Is it possible that not satisfied with the rating assigned by one rating agency, an issuer approaches another, in the hope of getting a better result?
It is possible, but rating companies do not and should not indulge in competitive generosity. Any attempt by issuers to play one agency against another will have to be discouraged by all the rating companies. It may, however, be pointed out here that two rating companies may, and often do, arrive at different conclusions on the same issue. This is only natural, as perceptions differ.
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