Thursday 16 April 2009

The Bond Buyer: SEC of Offer New Rules for Raters

James H. Gellert, Chairman and CEO of Rapid Ratings International, while answering questions at the Securities & Exchange Commission’s “Roundtable to Examine Oversight of Credit Rating Agencies” commented that to reduce barriers to becoming a NRSRO, the commission ought to remove a requirement that a rating agency first be in business for three years.
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