UBS chair warns of 'systemic risk' from private credit ratings. Apollo CEO fires back: 'He's just wrong.
1. UBS chair warns of systemic risk from private credit rating agencies. 2. Apollo's CEO disputes UBS claims, emphasizing sound ratings practices. 3. Industry tension rises between banks and private credit firms. 4. Kelleher relates current risks to past subprime rating issues. 5. Rowan advocates for focusing on underwriting quality over systemic risk.