"Under new rules finalized by the SEC on Thursday, credit rating agencies will have to reveal more information about past ratings so investors can compare their relative performance. The information would be publicly disclosed on a delayed basis, with up to a one- or two-year lag, to protect the rating agencies' proprietary information."
Sorry but it's a public company and I have a right as an shareholder to know immediately the info...again the same old government crap...insiders keep benefiting at the public's expenses....1 or 2 yr lag give me a breal SEC
Moody's is scrambling. Negative feedback and the threat of NAIC regulators taking away their acceptable ratings organizations" list has them back-peddling>
Now they will appear at the hearings. The only thing these companies react to are threats. They are not self-policing.
Ratings agencies acted irresponsibly and ought to be held accountable. This situation requires extreme changes to regulatory policy as these companies will exploit every opportunity they get. They love risk that they can pass along to others.