New York – Rapid Ratings International announced today that Kathleen A. Corbet, former President of Standard & Poor’s, has joined Rapid Ratings’ Executive Advisory Board, and has also made an equity investment in Rapid Ratings through her private investment firm, Cross Ridge Capital, LLC. Rapid Ratings has provided warnings, often in advance of other ratings organizations and market signals, of impending problems for both public and private companies in all sectors since 1998, including recently the US Homebuilders, Pilgrim’s Pride, Circuit City, VeraSun, Bear Stearns, LyondellBasell, as well as earlier alerts on Enron, GM, Ford and many others. Such warnings enable financial institutions and corporate customers to more proactively manage their counterparty risks and to identify investment opportunities.
Ms. Corbet, founder and principal of Cross Ridge Capital, stated: “The investment community needs objective, reliable and predictive assessments of credit risk and ratings. I am pleased to be an investor and a strategic advisor to Rapid Ratings – an organization that already has a credible and impressive track record with analytics that are applicable to equity and fixed income professionals and corporate risk managers – and I look forward to contributing to its growth as an invaluable resource for investment and risk management.”