Credit Rating Agencies When a Solution Becomes Part of the Problem
Author: Joan Teresa Kay.
Source: Volume 22, Number 02, November/December 2008 , pp.9-20(12)
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Abstract:
The SEC would prohibit a credit rating agency from issuing a rating on a structured product unless information on assets underlying the product was made available, though the degree of dissemination required would vary depending on the public or private nature of the offering.Keywords: Nationally recognized statistical rating organizations; derivatives; structured products; credit default swaps;
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