Journal Article

Regulating the raters: Key provisions in proposed reforms


Abstract: Credit rating organizations such as Moody's and Standard & Poor's have been counted on to provide investors with impartial assessments of companies' creditworthiness, and some have relied on CROs instead of due diligence. Reforms are needed but if regulators have rule-writing authority, they can use flexibility and creativity rather than just legislation.

Keywords: CROs; Credit rating organizations; Reform;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Forefront

Publication Date: 2010

Issue: Winter

Pages: 6-7