Independent credit-rating agency Egan-Jones is barred by the SEC for 18 months from issuing...

|By:, SA News Editor

Independent credit-rating agency Egan-Jones is barred by the SEC for 18 months from issuing ratings (as an NRSRO) on governments and ABS. The firm was charged with saying on its SEC registration statement it had been issuing ratings since 1995, when it had not. The industry-issuer model lives on.