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Home » Store » News » Credit Rating Services Face New Challenges as Senate Adopts New Scheme for Assigned Ratings

Credit Rating Services Face New Challenges as Senate Adopts New Scheme for Assigned Ratings

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The credit rating services, already facing huge regulatory and legal challenges, may have to cope with a new government-mandated system that would assign the initial ratings for new MBS and ABS. In floor debate on the massive financial services regulatory reform bill, the Senate adopted an amendment crafted by Sen. Al Franken, D-MN, that would... [Includes two charts]
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