Division of Market Regulation
Credit Rating Agencies

  Releases and Studies
  Testimony
  SEC Hearings — 2002
  Selected No-Action, Exemptive and Interpretive Letters

Releases and Studies

• Concept Release on Rating Agencies and the Use of Credit Ratings Under the Federal Securities Laws (June 4, 2003).
   
• Report on the Role and Function of Credit Rating Agencies in the Operation of the Securities Markets (Special Study, Jan. 24, 2003).
   
• Proposed Rule: Definition of Nationally Recognized Statistical Rating Organizations (Dec. 17, 1997).
   
• Concept Release: Nationally Recognized Statistical Rating Organizations (Aug. 31, 1994).

Testimony

• Annette L. Nazareth, Director, Division of Market Regulation, Before the House Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, Committee on Financial Services, re: Rating the Rating Agencies: The State of Transparency and Competition (Apr. 2, 2003).
   
• Commissioner Isaac C. Hunt, Jr., Before the Senate Committee on Governmental Affairs re: The Role of Rating Credit Rating Agencies in the US Securities Markets (Mar. 20, 2002).

SEC Hearings — 2002

• Press Release (Nov. 4, 2002)
   
• Hearing Schedule: Nov. 15 and 21, 2002
   
• Participants and Comments: Nov. 15 and 21, 2002
   
• Hearing Transcript: Nov. 15, 2002
   
• Hearing Transcript: Nov. 21, 2002
   
• Hearing Webcast: Nov. 15 and 21, 2002

Selected No-Action, Exemptive and Interpretive Letters

• Letter to The Honorable Richard H. Baker, Chairman, Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, U.S. House of Representatives (June 4, 2003).
   
• Dominion Bond Rating Service Limited (Feb. 24, 2003). (incoming letter also available)

http://www.sec.gov/divisions/marketreg/ratingagency.htm