SEC Credit Ratings Roundtable

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On April 23, the SEC announced the agency for its Credit Ratings Roundtable which will be held on May 14. The roundtable will consist of three panels: (i) the potential creation of a credit rating assignment system for ABS; (ii) the effectiveness of the SEC’s current system to encourage unsolicited ratings of ABS; and (iii) alternatives to the current issuer-pay business model in which the issuer selects and pays the rating agency.  Comments may be submitted prior to the event through the SEC website. SEC Release.

Topics:  Credit Ratings, Roundtable, SEC

Published In: Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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