The incumbent ratings agencies which missed the credit crisis are back to "box-checking" and are not offering the necessary analysis to sufficiently grade securities, says Jim Nadler, President of Kroll Bond Rating Agency. Nadler says Kroll is taking market share from the Big 3 because of its detailed reports and buy-side investors are demanding Kroll's services. Finally, Nadler says that Kroll's muni-bond rating business is thriving as credit worries continue to pop up across the country.

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