Restrictions on conflicts of interest are designed to prevent rating agencies from pandering to the bond issuers that pay the bills.
By Dave Michaels, Bloomberg|August 27, 2014 at 09:52 AM
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Credit-rating firms, whose lapses played a central role in the 2008 financial crisis, will face new restrictions on conflicts of interest under rules adopted by the U.S. Securities and Exchange Commission (SEC).
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