Second, competition solves a great deal of issues created by politician control. Free market is allowing the businesses to have the choice on which CRA to choose from and for consumers to have the choice on which business receive their purchases. Competition that is not distorted by cronyism, rather true free markets solves many issues and answers many complaints. If you do not like a certain CRA, simply do not buy from a business regulated by them. Bad business practices must change with business loss.
Third, ratings completely understood with its structure of competing rating agencies solve many issues and could clear many misunderstandings. Consumers will care about many of the items that are rated and will pay a premium for the better ratings. Buying products and services with better ratings mean that you getting better products and you are supporting better business practices.