TITLE

Opening Up

AUTHOR(S)
Springsteel, Ian
PUB. DATE
June 2003
SOURCE
Investment Dealers' Digest;6/2/2003, Vol. 69 Issue 22, p22
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
For five years, Sean Egan, the co-founder and partner of Egan-Jones Rating Agency Inc., has been waiting to see if his small rating agency would get the approval from the U.S. Securities and Exchange Commission (SEC) to become a nationally recognized rater of bonds. Need for changes in the rating industry have been desperately felt following the collapses of Enron Corp. and WorldCom Inc. The SEC have not specified guidelines for granting the status of new firms those strive to compete in the credit rating business.
ACCESSION #
10055216

 

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