The SEC has proposed new rules that would force agencies that rate bonds to make more information about their work publicly available. The SEC would require ratings firms to make a clear distinction between corporate or government bonds and the structured products at the center of the subprime credit crisis. The three largest ratings agencies welcomed the SEC action. The CFA Institute Centre for Financial Market Integrity and the Council of Institutional Investors said investors would benefit from greater transparency and separate measures for structured-finance bonds.
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