SEC eyes rules for credit-rating companies

02/11/2008 | Wall Street Journal, The

The Securities and Exchange Commission could propose new rules aimed at making the credit-rating industry more "investor-friendly." The credit-rating companies have been under pressure for failing to give adequate warning for the collapse of the subprime-mortgage market. The potential rules "would require credit-rating agencies to make disclosures surrounding past ratings in a format that would improve the comparability of track records and promote competitive assessments of the accuracy of past ratings," according to SEC Chairman Christopher Cox.

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