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Monthly Archives: August 2006

Credit Ratings Reform Act of 2006…

Tuesday, August 15, 2006

Here is an outline of the principles of the bill that passed the Senate Banking Committee unanimously on August 2. The Senate developed framework makes a very clear pathway for firms wishing to earn the SEC designation of “Nationally Recognized Statistical Ratings Organizations”.
Section 3 >>> Definations
(61) Credit rating agency - The term means any person -
(A) […]

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Let the race begin…

Monday, August 7, 2006

I was planning to write about the specifics of the Senate bill, the ‘Credit Rating Reform Act of 2006′ that restructures the credit rating business today.
Instead I’m going to highlight two public events that have happened already that I believe relate to the Senate bill:
1. On Thursday, August 4th, Fitch published its “Global Corporate Finance Transition and […]

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Big things a’comin…

Friday, August 4, 2006

Hello…I’ve got a big gap since last posting…Let me fill you in…
Central to fixed income markets is understanding the risks posed by certain securities and issuers. We have credit rating agencies that evaluate issuers and specific securities and “grade” these for default risk  or credit worthiness.
You have undoubtably heard of “AAA” bonds…That designation “AAA” distingushes those […]

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