competition Archives - The Industry Spread

SEC Publishes Two Reports on Credit Rating Agencies Showing Continued Focus on Compliance and Competition

December 20, 2018

Credit rating agencies registered with the SEC continue to promote compliance by enhancing their policies, procedures, and internal controls in response to Commission rules and staff examinations. SEC staff reports released today on nationally recognized statistical rating organizations (NRSROs) show that some firms are self-reporting instances of noncompliance and some smaller firms are continuing to compete with the larger firms in certain rating categories.