martindale.com
Legal Library
|
SEC Proposes Mandatory Credit Ratings Disclosure
by Danielle Carbone
Shearman & Sterling LLP - New York Office
Robert Evans
Shearman & Sterling LLP - New York Office
Stuart K. Fleischmann
Shearman & Sterling LLP - New York Office
Nathan Greene
Shearman & Sterling LLP - New York Office
Joel S. Klaperman
Shearman & Sterling LLP - New York Office
|
|
December 14, 2009
Previously published on December 2, 2009
The U.S. Securities and Exchange Commission (“SEC”) proposed new rules that would require issuers to make disclosures about their credit ratings in prospectuses for registered public offerings if they use a credit rating to market their securities. The proposed rules mark a shift in the SEC’s disclosure policy on credit ratings from its current policy of permitting voluntary disclosure to one of mandating disclosure. If adopted as proposed, the rules would significantly add to the disclosure about credit ratings included in registration statements. The proposed rules would apply to registered public offerings by domestic issuers, foreign private issuers and closed-end funds.
|
The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
| | View More Library Documents By... | | | |
| | | | Shearman & Sterling LLP Overview |
Practice Area Resource Centers
|
|