Regulators of some of the biggest bond buyers in the world are considering cutting credit-ratings firms’ role in the market in response to botched ratings of complicated mortgage securities. Ratings firms including S&P’s and Moody’s are facing fresh dissent from state insurance regulators, who are considering moving away from the firms ratings’ as a way of measuring the health of insurer portfolios of mortgage-backed bonds.
By editor Sep 17, 2009, 10:45 AM
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