SEC Proposes New Requirements for Credit Ratings Agencies

On June 25, the SEC published a series of proposed rules concerning credit ratings, especially credit ratings of structured finance obligations. Among other things, the proposals would require public disclosure of all information that a rating agency relies on in issuing a rating of a structured finance obligation if that rating was paid for by the issuer, sponsor or underwriter.

Please do not hesitate to contact any of your regular contacts at the Firm or any of our partners and counsel listed under Structured Finance or Capital Markets in the “Practices” section of this website if you have any questions.