SEC looks into reducing role of credit rating agencies

04/16/2009 | Reuters

The U.S. Securities and Exchange Commission is considering the possibility of creating an entirely new business model for credit rating agencies, including doing away with requirements that debt issuers use them. Relying less on rating agencies is "probably good," said Daniel Curry, president DBRS, but he warned that any change should be implemented gradually to give debt markets time to adjust.

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