Skip to content
Subscriber Only

SEC Trying to Gauge Risk Without Credit Raters: One Year Later

To authors of the Dodd-Frank Act, the credit-rating industry was a chief villain of the 2008 financial crisis. As a result, the law instructed U.S. regulators to strip use of credit ratings from their rules.

What Dodd-Frank didn’t decide was what should take the place of previously accepted risk ratings from companies including Moody’s Investors Service, McGraw-Hill Cos.’ Standard & Poor’s and Fitch Ratings.