International Group Urges SEC on Rating Reforms

Hume, Lynn
December 2004
Bond Buyer;12/9/2004, Vol. 350 Issue 32026, p5
Trade Publication
The article reports that the International Group of Treasury Associations (IGTA) issued a statement yesterday urging the U.S. Securities and Exchange Commission (SEC) to take regulatory action as soon as possible to address credit rating agency issues, such as the transparency of the rating process, conflicts of interest, abusive practices, and the SEC's oversight role. The IGTA's members, which include organizations representing debt issuers and institutional investors from more than 30 countries, unanimously agreed to issue the statement at their recent annual meeting in Sydney, Australia.


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