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


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.

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Comments (3)
  • davidshelton
    , contributor
    Comments (362) | Send Message
     
    There goes the only firm in the public eye with a shred of credibility....
    22 Jan 2013, 12:21 PM Reply Like
  • Graniitti
    , contributor
    Comments (13) | Send Message
     
    Good. The very last thing we need is a credible and trusted credit rater. There is no such thing. Never was, and never will be.

     

    Good riddence to Egan-Jones, that hypocrite imposter.

     

    There are hundreds of analysts doing credit rating for investors and subscribers, but Egan Jones made a great fuss about it. Why is that if you could charge for your opinion from investors?

     

    The very last thing is that the public returns to reliance on other peoples opinions rather than doing their homework.
    22 Jan 2013, 02:07 PM Reply Like
  • davidshelton
    , contributor
    Comments (362) | Send Message
     
    Unfortunately they seem to be a necessary evil for institutions....
    22 Jan 2013, 04:45 PM Reply Like
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