Regulatory issues and the rating agencies
SEC released its proposal to define and clarify process for obtaining a Nationally Recognized Statistical Rating Organization (NRSRO) designation
Standard & Poor𠏋 responded on June 9th to SEC𠏋 request for commentary
- We urged SEC to avoid overly restrictive mandates in new designation criteria (available at www.standardandpoors.com)
We believe Oversight Framework will give SEC effective oversight without impairing independence and objectivity of our analysis
- In our view, no need for additional Congressional action if effective Oversight Framework is established