TOKYO - The government endorsed a bill Friday to regulate credit-rating agencies
in response to criticism that their lax rating activities are partly responsible for the current financial crisis.
WASHINGTON -- The Senate acted Friday to impose more oversight on the biggest credit-rating agencies
, criticized by some lawmakers as unfairly dominating the field and hindering competition.
aThe US Senate Committee on Banking, Housing and Urban Affairs is considering the possibility of legislating on credit-rating agencies
Two other credit-rating agencies
-- Standard & Poor's Ratings Services and Moody's Investors Service -- have already lowered Ford's ratings to junk status.
And there are concerns on the credit side: Critics suggest that credit-rating agencies
would lower the state's bond rating if the state proceeds with the proposal (agencies don't like it when states sell off one-time assets to solve continuing budget problems).
A REIT that hits the target is on the radar screens of more analysts; has more liquidity, which means it will attract more large institutional investors to buy its stock; and can get noticed by the credit-rating agencies
and likely attain an investment-grade rating, which means its cost of capital is lower," explains Korpacz.
Before that he worked with investors, analysts, and credit-rating agencies
as manager of investor relations at People's Bank.
The letter was in response to one sent late April by the ministry to three Western credit-rating agencies
, including Moody's, which questioned the credibility of their rating decisions and asked for further explanations.
We believe Russian bond valuations will continue to benefit from upgrades by credit-rating agencies
The four other credit-rating agencies
covered by the JCIF survey were Japan Credit Rating Agency Ltd.