Accusations made by a new Chinese credit agency that western counterparts caused the financial crisis were rejected by the head of McGraw-Hill Companies, which owns Standard & Poor's.
Harold “Terry” McGraw III, chairman and chief executive, said global ratings agencies S&P, Moody's and Fitch were being unfairly targeted by politicians, commentators and competitors all over the world.
“If you're in a populist mood, you've got to find the villain,” Mr McGraw told the Financial Times in a interview in Beijing.
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