Update on regulatory issues and the rating agencies

HR 2990 sets quality bar very low



• Will work with Congress, the administration and SEC to:
  • Ensure quality
  • Improve transparency
  • Increase competition
  • Ensure global regulatory consistency of capital markets

Standard & Poor’s has been ratings bonds since 1916

Integrity, reliability, and credibility enable S&P to compete successfully in an increasingly global, complex market

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