Jules Kroll, the founder of global intelligence and security firm Kroll Inc, is reportedly planning to launch a credit rating agency.

According to a report in the Financial Times, Kroll’s venture will focus on giving second-opinion ratings on securitized debt. The article says the proposed firm’s analysis might consist of finding out the number of underlying borrowers in a mortgage-backed security that have missed a first payment. The company aims to have $100 million in annual turnover by the end of its third year.

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