The SEC Accuses Six Credit Rating Agencies of Significant Failures in Record-Keeping

Improvements in Procedures

Date:

Autor: Funds Society, Madrid

The firms admit to their misconduct and agree to pay penalties totaling more than 49 million dollars

All the firms have begun implementing improvements in their compliance policies and procedures

Among the fined firms are Moody's Investors Service, S&P Global Ratings, and Fitch Ratings