• US Securities and Exchange Commission Proposes Mandatory Credit Ratings Disclosure and Other Actions Relating to Rating Agencies
  • November 11, 2009
  • Law Firm: Mayer Brown LLP - Chicago Office
  • In October 2009, the Securities and Exchange Commission proposed rules requiring disclosure of credit ratings used by registrants in connection with registered offerings of securities... The SEC stated that "even though credit ratings appear to be a major factor in the investment decision for investors and play a key role in marketing and pricing of the securities, investors may not have access to sufficient information about credit ratings." The SEC proposed specific categories of disclosure to address the following concerns...