TITLE

Discretion in response to split ratings: The case of the NAIC

AUTHOR(S)
Cantor, Richard; Packer, Frank
PUB. DATE
December 1996
SOURCE
Journal of Insurance Regulation;Winter96, Vol. 15 Issue 2, p234
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Presents an analysis of the National Association of Insurance Commissioners' (NAIC) Securities Valuation Office's (SVO) resolution of disagreements among the major United States (U.S.) credit rating agencies by examining a sample of 305 split-rated bonds at year-end 1994. Sample examining methodology; Information on the NAIC's SVO; Comparison of the SVO's decisions to rules used by other regulations; What the analysis revealed; Concluding remarks.
ACCESSION #
9710301976

 

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