Thursday, 15 November 2007

Will Reuters enter the credit rating agency business?

Tom Glocer, who will soon become the chief executive of the merged Thomson Reuters, has been talking about the possibility of Reuters going into credit rating.

Well, that's fine. Nothing wrong with that at all. But I hope Reuters is not planning to go into the mystical financial news reporting business because I have that area all sewn up, and I wouldn't like to see this great company come a cropper.