The SEC proposed specific categories of disclosure to address the following concerns: That investors may have insufficient information to understand the scope or meaning of ratings that are used to market securities; That investors may not have access to information that would enable them to fully understand the potential conflicts of interest faced by credit agencies and the impact of such conflicts on ratings; That registrants, or persons on their behalf, "shop" for ratings by approaching multiple credit rating agencies to obtain the highest credit rating available; and That while ratings are a key part of investment decisions, disclosure is not currently required in prospectuses.
AaAaAaAaAaSimilarly, credit rating agencies are relatively unconcerned by the specialist terminology used, and remain agnostic whether premiums should be called tabarru (donation, contribution or gift), or that policyholders are called "participants".
Credit rating agencies say should Turkey decide not to sign an agreement with IMF, it still would need a new programme regarding medium term economic goals which would meet Turkey's foreign financing requirements around 20 to 30 billion USD.
The European commission yesterday proposed a regulatory clampdown on credit rating agencies in a fresh move to restore investor confidence amid the continuing financial market turmoil.
24 Kyodo Selected editorial excerpts from the Japanese press: CREDIT RATING AGENCIES CAN'T BE LEFT UNREGULATED (The Daily Yomiuri as translated from the Yomiuri Shimbun) Recent developments have demonstrated that we can no longer leave credit rating agencies, which have enormous influence on financial markets and corporate activities, unregulated.
