Meredith Whitney, the former ­Oppenheimer & Co. analyst who famously predicted the banking crisis, announced last week that she plans to transform her boutique advisory firm into a nationally recognized statistical rating organization (NRSRO) that will rate muni and other kinds of debt and compete with Standard & Poor’s and Moody’s Investors Service.

Whitney, whose firm Meredith Whitney Advisory Group currently offers credit ratings to her subscribers, told the Financial Times that the existing NRSROs are no longer credible given the triple-A ratings they frequently bestowed on securities that turned out to be worthless.

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