Group
Nationally recognized statistical rating organizations
Rating firms that the SEC has recognised since 1975; U.S. rules came to rely on their ratings.
- Also known as
- NRSRO
- Wikidata
- Q1706619
- members Moody's (rating organization) 1975 –
- members Standard & Poor’s (rating organization) 1975 –
A “nationally recognized statistical rating organization” is a rating firm whose grades U.S. rules rely on. In 1975 the only three were Moody’s, Standard & Poor’s and Fitch.
Connections 3
founded by
-
U.S. Securities and Exchange Commission
1975
Primary record
12
The 1975 rule tied broker-dealer capital to ratings by an NRSRO; the Senate report says the SEC developed the NRSRO system.
members
Timeline 3 dates
Proof 2 sources
-
The Financial Crisis Inquiry Report (final report incl. dissenting statements), Financial Crisis Inquiry Commission.
Primary record
But the watershed event in federal regulation occurred in 1975, when the Securities and Exchange Commission modified its minimum capital requirements for broker-dealers to base them on credit ratings
at the time, that was Moody’s, S&P, or Fitch.
-
Wall Street and the Financial Crisis: Anatomy of a Financial Collapse (majority and minority staff report), Senate Permanent Subcommittee on Investigations, 13 Apr 2011.
Primary record
Archived copy
The SEC had developed the NRSRO system, for example, but had no clear statutory basis for establishing that system or exercising regulatory authority over the credit rating agencies.
The United States has three major credit rating agencies: Moody’s, S&P, and Fitch Rating Ltd., each of which is a NRSRO.
Page history 1 change
- Add 55 stories, each checked against its sources96e92fe6
Something wrong or missing? Tell us, with a source, or edit this page.