May 29, 2008
SEC Will Consider New Risk Ratings for Mortgage Securities
The SEC will consider proposals to reform credit ratings agencies at its June 11 meeting, including a staff proposal to change the ratings for mortgage-related securities to include an S (for structured) or a V (for volatility) to rate the risk of default. The proposal has not been well-received by industry groups. WSJ, SEC Pushes for New Risk Scorecard.
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