Volume 2014 - Number 37
October 3, 2014
SEC Urged to Do More to Reform Credit Rating Process, Shopping By Issuers Remains a Problem
“Rating shopping is alive and well,” Calvin Wong, chief credit officer at Morningstar Credit Ratings, said last week at the ABS East conference in Miami Beach. The Securities and Exchange Commission recently released a rule setting new requirements for the rating services, but Wong warned that the SEC hasn’t done enough to address the issue. He said...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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