translation.en: But here's the situation: the rating agency market is dominated by three players and three players only -- Standard &amp; Poor's, Moody's, and Fitch -- and we know whenever there is a market concentration, there is really no competition.
translation.zh: 但现在的情况是 评级机构市场 被三家机构垄断 标普、穆迪和惠誉 众所周知，当市场集中度走高 就不会有竞争