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Sarbanes-Oxley News & Developments
Investment-grade ConductSarbanes-Oxley requires the SEC to study credit-rating agencies.
> > The credit-rating agencies (CRAs) could soon feel a new level of scrutiny, at least if the Association for Financial Professionals (AFP) has its way. The Sarbanes-Oxley Act of 2002 requires the SEC to study the CRAs, and the SEC issued a preliminary report in January 2003. But it did not keep its promise to follow up in two months time with proposed regulations. The agency finally issued a "request for comments" on the appropriate level of regulation for CRAs in June 2003, but it has said nothing since. Spokesman John Nester explains that the commission is still evaluating the comments.
Source: CFO
Published:2004-06-03
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