SEC Asks for Comments on Rating Agencies

Hume, Lynn
June 2003
Bond Buyer;6/9/2003, Vol. 344 Issue 31652, p4
Trade Publication
U.S. Securities and Exchange Commission (SEC) has issued a concept release on credit rating agencies that asks market participants to comment on 56 questions, including whether the commission should stop using credit ratings for regulatory purposes or increase its regulatory oversight of these agencies. SEC has also asked if it should condition NRSRO recognition on a rating agency's developing policies and procedures to prevent conflicts of interest from occurring when it charges clients fees for ratings or provides clients with other fee-based services.


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