Fed moves to bring new ratings agencies into TALF

10/6/2009 | NYTimes.com

The Federal Reserve has proposed broadening the range of credit ratings agencies that will be allowed to rate assets involved in the Term Asset-backed Securities Loan Facility. The central bank proposed companies with experience in rating securities and are registered with the Securities and Exchange Commission be given the opportunity to participate in providing ratings. The Fed will allow industry representatives and the general public to comment on the proposal before taking final action.

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