X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

In an apparent response to criticism that the three credit rating agencies were slow to downgrade bad actors like Enron Corp. and WorldCom Inc., the Securities and Exchange Commission admitted a fourth company to the exclusive group it regards as qualified to provide corporate bond ratings. The point? To inject a little competition to get debt analysts on their toes about spotting trouble. A noble mission, but how much of a threat does the new entrant, Canada’s Dominion Bond Rating Service Ltd., really pose? In the short run, not very much; any potential will take some time to develop.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.