IOSCO seeks better understanding of other CRA products and services

04 February 2015

Market participants may use other CRA products to help assess the creditworthiness of an entity or obligation or for different purposes.

The Board of the International Organization of Securities Commissions (IOSCO) has approved a project specification for its Committee 6 on Credit Rating Agencies to gain a better understanding of the credit rating industry and in particular of certain other products or services.

Market participants may use other CRA products to help assess the creditworthiness of an entity or obligation. Or they may be used for different purposes. For example, they may be used to understand the impact that a hypothetical or proposed transaction would have on a traditional credit rating or to understand how a CRA would ultimately rate a new issuance.

Press release

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