Sec Proposes New Rules For Ratings Firms

David S. Hilzenrath, Washington Post
Wed, 05/18/2011 - 9:31am

Regulators took new steps Wednesday to overhaul the firms whose rosy credit ratings inspired overconfidence in investments tied to toxic mortgages. The Securities and Exchange Commission proposed rules meant to improve the system by which such firms as Moody’s and Standard & Poor’s assign ratings. Some of the proposals are intended to address conflicts of interest that could undermine the objectivity of the ratings. Read full article >>

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Topics: federal regulator fitch ratings moody's ratings agency regulators standard & poor's

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