Default rates forecast to move up sharply this year
The U.S. Securities and Exchange Commission has published for public comment proposed rule changes to make the limits and purposes of credit ratings clear to investors and ensure that the role assigned to ratings in SEC rules is consistent with the objectives of having investors make an independent judgment of credit risks.The commission voted unanimously […]
2007’s default count of two was relatively low
Default rate expected to return to the long-term average of about 4.6%
Many fixed income investors need additional information on structured finance instruments
Rating agencies would differentiate ratings they issue on structured products from those they issue on bonds
Agencies will overhaul the way they collect fees, and improve their process for rating mortgage-backed securities
Downgrades possible, rating agency says
IOSCO panel tackles reform
Credit rating agencies are to face registration obligations in Europe if France has its say when it takes over the leadership of the European Union later this year.