Credit Rating Agency Challenges SEC's Proposals on Bond Ratings
Follow up to July 8, 2008 posting, SEC Examinations Find Shortcomings in Credit Rating Agencies’ Practices and Disclosure to Investors, today’s article from the WSJ (requires subscription – letter to SEC linked below is available free): S&P Resists SEC Ratings Plan – “Standard & Poor’s Ratings Services pushed back against Securities and Exchange Commission proposals …