WASHINGTON - Several members of the Senate Banking Committee yesterday warned that the Obama administration's proposal to regulate credit rating agencies does not go far enough to ensure the agencies use reliable information to determine ratings.

At at hearing on enhancing regulation of rating agencies, committee chairman Christopher Dodd, D-Conn., told a top Treasury Department official he was "stunned" to learn that the agencies routinely do not perform any due diligence to verify the information presented to them by issuers.

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