AGO (NYSE)…
~~~~ “You don’t take the last two guys who can help municipal issuers and shoot them in the back of the head,” Frederico said.” ~~~~ (AGO Chief Executive Officer Dominic Frederico commenting on Moody’s rating review in BBG today).
No … what we really expect is for rating agencies to accurately assess obligors and securities according to […]
You have to love capitalism… resources flowing around… some give them up and some acquire them… well I just acquired the domain name …. www.credit-ratings.org
For $ 15.19… fluky thing… I subscribe to a Google alert for “credit ratings” and saw this morning an auction for the domain… monitored the auction and was willing to […]
*** I’m usually pretty alert to matters that relate to the regulation of credit rating agencies… so how did I miss the release of the SEC’s Annual Report to Congress under Section 6 of the Credit Rating Agency Reform Act of 2006?
I found it on the NRSRO page of the SEC site while working on […]
The SEC is seeking comment on the issue of credit rating agencies reporting their “default statistics”. As part of the new round of rulemaking the Commission has elevated the importance of default statistics as a public measure of the accuracy and reliability of credit ratings… ”show us the proof” …
This is vital for the continued central place that ratings provide in […]
This is what happens when I spend most of the day studying SEC proposed rules on credit ratings…
www.wordle.net
From BBG… S&P’s interesting proposal to include “ratings stability” as a factor in the assignment of a rating for structured finance…
~~~~ ” Standard & Poor’s is seeking comment on a proposal that may make it impossible for some structured finance products to receive top credit ratings, reining in part of a market that has […]
A staffer in Representative Ackerman’s office sent over a copy of the proposed legislation referenced in the WSJ article this morning…
Here is the title … ” To direct the Securities and Exchange Commission to establish both a process by which asset-backed instruments can be deemed eligible for NRSRO ratings and an initial list of such […]
Clever Aaron Lucchetti of the WSJ caught the early word of new proposed legislation related to the NRSROs, structured products and the SEC… interesting…
~~~~ “Bond-rating firms could face rules on new products similar to those already in place for stock and derivatives exchanges, as part of a House bill likely to be proposed Monday.
The proposed […]
When I was on Capitol Hill two weeks ago talking about HR 6308 which covers “ratings equivalency” I had an interesting conversation about accounting standards… and no I’m not an accountant but I do really like “standards”…
The core of the discussion revolved around the intent to force credit raters to use standard symbols for […]
무디스와 스탠더드앤드푸어스(S&P), 피치 등 세계 3대 신용평가기관이 모기지(주택담보대출) 관련 채권의 등급을 책정하면서 인력 부족과 개인적 이해관계 때문에 엉터리 신용평가를 했다고 9일 월스트리트저널이 보도했다.미국 증권거래위원회(SEC)가 지난 10개월간 조사해 8일 발표한 보고서에는 신용평가기관들이 모기지 관련 채권을 일관성 있는 과정에 따라 분석하지 않았으며 수수료 수입을 챙기기 위해 기본적인 가이드라인을 지키지 않은 경우도 있었다는 등의 내용이 실렸다.
English version…
