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SEC Announces Rules for NRSRO-Registered Credit Rating Agencies

Affecting credit rating agencies registered with the Securities and Exchange Commission (“SEC”) as nationally recognized statistical rating organizations (“NRSROs”), the SEC has adopted new amendments that improve governance, defend against conflicts of interest, enhance credit ratings quality and provide increased accountability. The SEC-issued requirements also address: internal controls; reporting of credit rating performance data; procedures that protect rating methodologies; disclosures to encourage credit ratings transparency; and standards for the training, experience and proficiency of credit analysts. Also adopted by the SEC are requirements affecting issuers, underwriters, and third-party due diligence services. The requirements will support clear findings and conclusions of. Read More.

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