Securities and Exchange Commission: Amendments to Rules for Nationally Recognized Statistical Rating Organizations
GAO-09-378R: Feb 23, 2009
- Full Report:
GAO reviewed the Securities and Exchange Commission's (SEC) new rule on the amendments to rules for nationally recognized statistical rating organizations. GAO found that (1) the rule imposes additional requirements on nationally recognized statistical rating organizations (NRSROs) in order to address concerns about the integrity of their credit rating procedures and methodologies; and (2) SEC complied with applicable requirements in promulgating the rule.