SEC Notes Progress, Room for Improvement at Credit Rating Agencies
Annual report to Congress says smaller competitors are gaining market share, but persistent problems include lack of sufficient independence at the agencies.
SEC Names Butler to Head New Office of Credit Ratings
The SEC’s Office of Credit Ratings was created by the Dodd-Frank Act and is responsible for overseeing the nine registered Nationally Recognized Statistical Rating Organizations (NRSROs).
Do Credit Ratings Matter?
Over the past few years, credit rating agencies have done a lot to diminish their credibility. Not only did they contribute to the Great Meltdown by inaccurately rating debt, but they have allowed the role of credit ratings to become murkier. What do the ratings now mean for financial advisors...