Egan-Jones Whistleblower Builds Private-Credit Rater of His Own
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Michael Brawer spent more than four years as chief risk officer at Egan-Jones Ratings Co., seeing the firm grow into a force in the private credit market.Then he turned into a whistleblower, alleging that analysts there were pressured to alter ratings to win clients and last year sued Egan-Jones for wrongful termination, arguing he was fired for trying to raise concerns to regulators. The firm denies his allegations.