Items Tagged with 'Nationally Recognized Statistical Rating Organization'

ARTICLES

  • Morningstar set to rate RMBS

    Morningstar Credit Ratings released its methodology for rating mortgage-backed securities Tuesday.The agency previously focused on commercial real estate. It announced in October it would push into...
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  • There Was a Surprise in the Dodd-Frank Act?

    Last week, various corners of the mediamonde asserted that the Dodd-Frank Act's repeal of Rule 436(g), under the Securities Act of 1933, caught Nationally Recognized Statistical Rating Organizations (NRSROs) like Standard and Poor's, Moody's Investors Service and Fitch Ratings by surprise.
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  • Ratings Agencies Face Call for More Regulation

    Proposed regulations for credit rating agencies would promote transparency, resolve conflicts of interest and empower the Securities and Exchange Commission (SEC) to better monitor the tools investors use to evaluate financial products, according to legislation the Obama Administration presented to Congress Tuesday.
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  • SEC Chair Seeks Transparency of Credit-Rating Agencies

    The Securities and Exchange Commission (SEC) chair Mary Schapiro is seeking authority to mandate enhanced measures to promote the transparency and integrity of the nation’s statistical ratings firms, including the limitation of ratings shopping, according to testimony delivered Tuesday to a House Financial Services subcommittee.
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  • SEC Tightens Belt on Rating Agencies

    After an "extensive examination" found "significant weaknesses in rating practices," the Securities and Exchange Commission approved Wednesday new measures to expand oversight of credit rating agencies -- who have long been criticized for their alleged role in contributing to the financial crisis.
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  • S&P's Rating Concerns: "Structured by Cows"

    In what shouldn't come as news, but is just as telling nonetheless, analysts at Standard & Poor's Ratings Services were apparently the most vocal of three major credit rating agencies in questioning their own RMBS ratings process, according to a story published by the Wall Street Journal this weekend. More than a few industry experts that HW has spoken with have pointed directly to the rating agencies as the catalyst for an industry that spun out of control.
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  • SEC Takes Rating Agencies to Task; "Serious Shortcomings" Cited

    An awaited report on the conduct and process at key credit rating agencies in the wake of a historic upheaval tied to securities rated by the firms was released late Tuesday by the Securities and Exchange Commission -- and the report was anything but kind to Fitch Ratings, Moody's Investors Service, or Standard & Poor's, the three major credit rating agencies. The SEC said it found ample evidence that the agencies "struggled" with an explosion in subprime mortgages and associated RMBS and CDO issuance volume.
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