• Use of Credit Ratings in SEC Rules and Forms: SEC Proposes to Remove References to Credit Ratings in a Number of Rules and Forms
  • February 28, 2011
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • Section 939A of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) requires each federal agency to modify its regulations to replace references to credit ratings with alternative standards of credit-worthiness. To implement this requirement, the SEC has proposed the first of several intended sets of amendments to its rules and forms.