In a "massive proposal," sweeping new rules from the SEC would overhaul the debt-rating business...

|By:, SA News Editor

In a "massive proposal," sweeping new rules from the SEC would overhaul the debt-rating business - forcing Moody's (MCO +1%), S&P (MHP +1.2%) and Fitch (and seven smaller firms) to provide more detail on ratings, bar participation by their salespeople, and review for revision any ratings done where an employee is later hired by a rated firm.