Recommendations of SIFMA’s Credit Rating Agency Task Force for the Credit Rating System
Published on:
July 31, 2008
SIFMA’s Credit Rating Agency Task Force is a global, investor-led, industry task force formed to examine key issues related to credit ratings and credit rating agencies (CRAs). SIFMA believes that if the recommendations included in this summary are followed, the ability of market participants will be enhanced to understand credit ratings and to incorporate ratings properly into their own independent risk assessments. While some of the recommendations relate to issues particular to the rating of structured products, the recommendations often apply to the ratings process generally.