Analyst plans to challenge S&P and Moodys

In an exclusive interview well-known financial analyst Meredith Whitney tells the FT’s Aline van Duyn that Meredith Whitney Advisory Group has submitted applications to become an officially chartered credit rating agency. Whitney criticised the major rating agencies Moodys and S&P for their poor performance in the lead up to the financial crisis and said her new group would avoid similar pitfalls by being more transparent.