Reforming Credit Ratings Firms


TheUS Securities and Exchange Commission is stepping up its investigation of credit ratings agencies.

In the last few weeks, the SEC has suggested a voluntary framework that the agencies can use as a code of conduct. It has also proposed designating nationally recognized credit ratings firms under the appellation Nationally Recognized Statistical Rating Organization, which is designed to clarify how agencies can attain such a designation and address the perception that the SEC has created an

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