SEC could impose more disclosure requirements on rating agencies

09/16/2009 | Bloomberg

The Securities and Exchange Commission is working on rules that would force greater public disclosure of the process by which securities get their ratings from major rating agencies such as Standard & Poor's, Moody's Investors Service and Fitch Ratings. The regulator will consider requiring companies selling bonds to disclose the ratings they were offered while shopping their deals around to credit rating agencies. Among other proposals on the SEC's agenda is a measure that would decrease legal barriers for investors to sue rating agencies.

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