The Securities and Exchange Commission will propose regulations for credit rating agencies to promote transparency. Credit rating agencies came under fire after granting AAA ratings to mortgage securities backed by subprime loans. Proposals address the internal controls and disclosures by credit rating agencies.
To read a related MarketWatch article, please click here:
http://www.marketwatch.com/story/sec-seeks-to-limit-credit-rater-conflicts-2011-05-18
Jim Sutliff