House Panel OKs Bill to Spur Rating Agency Competition

Ferris, Craig T.
June 2006
Bond Buyer;6/15/2006, Vol. 356 Issue 32403, p5
Trade Publication
The article reports on the legislation for the improvement of the credit rating industry in the U.S. The bill was introduced by Representative Michael G. Fitzpatrick of Pennsylvania and was approved by the House Financial Services Committee. The move will give benefits to credit rating agencies by having easier access to the Securities and Exchange Commission's Nationally Recognized Statistical Rating Organization.


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