News, analysis and personal reflections on the markets & the financial sector

Saturday, July 5, 2008

SEC proposal would diminish role of credit ratings

Proposed Securities and Exchange Commission rules could diminish the long-standing importance of credit ratings across various markets, including the $3.4 trillion money market industry. The rules, which would make it possible for U.S. money market funds to invest in short-term debt without regard to ratings, are seen as the latest blow to the credit-rating industry.
[source: The Wall Street Journal]

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