To Probe Mark Walter’s Business, DOJ Sought Egan-Jones’ Records

Insurance firms linked to billionaire Mark Walter invested in bonds and frequently relied on Egan-Jones, which was the only known ratings provider for over a fifth of those assets, per industry records. The article highlights potential concentration in bond-rating sourcing rather than a direct move in prices or earnings.

Analysis

Insurance firms linked to billionaire Mark Walter invested in bonds and frequently relied on Egan-Jones, which was the only known ratings provider for over a fifth of those assets, per industry records. The article highlights potential concentration in bond-rating sourcing rather than a direct move in prices or earnings.