SEC poses plan to curb reliance on credit ratings, but regulators cite difficulties

Congress may have ordered agencies that regulate financial institutions to stop relying on credit ratings by firms such as Moody’s and Standard & Poor’s, but regulators are still struggling to come up with an alternative.

One of the painful lessons of the mortgage meltdown was that securities stamped with the highest ratings turned out to be poor investments.

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fluidideas@gmail.com

fluidideas@gmail.com

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