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In the past three years, corporate investigator Jules Kroll’s Kroll Bond Rating Agency has quickly risen to the top as a rater of commercial mortgage-backed securities. Thanks in part to the fact that Standard & Poor’s has been locked out of the commercial-mortgage market since backing out of a 2011 deal, Kroll’s company has established itself firmly and provided a counterweight to Moody’s, which dominates the market for such ratings.

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