Egan-Jones Defends Credit Rating Business as SEC Weighs Charges

Egan-Jones Ratings Co. didn’t knowingly make misrepresentations when applying to become a nationally recognized credit-rating firm, its founder said.

“The material that we put down was accurate to the best of our ability,” Sean Egan, president of the Haverford, Pennsylvania-based company, said today in an interview on CNBC. “If we had to do it again today I’d say exactly the same thing.”