Washington - Securities Law
SEC Staff Has Some Concerns with Credit Rating Agencies
Thursday, November 15, 2012
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The Securities and Exchange Commission staff released a report Thursday showing some nationally-recognized rating agencies failed to disclose or manage conflicts of interest and changed rating methodologies for securities without disclose the changes until months later.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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