SOURCE: Wall Street Equity Research

Wall Street Equity Research

December 02, 2010 08:15 ET

Professional Research on Moody's Corporation and Equifax Inc. - Credit Raters Relieved by SEC Announcement

JOHANNESBURG, SOUTH AFRICA--(Marketwire - December 2, 2010) - allows shareholders to gain full understanding of the economic and market forces influencing the credit services industry, and offers free research on industry players Moody's Corporation (NYSE: MCO) and Equifax Inc. (NYSE: EFX). Register today at to receive free research reports on these companies.

Credit rating agencies such as Moody's Corporation and Equifax Inc. reported a strong 3Q as a whole, primarily backed by improved trade volumes and a more research-conscious investor. However, the big news affecting credit raters came in the form of a recent announcement from the Securities and Exchange Commission (SEC). Shareholders and investors can sign up today at or to download the full reports on Moody's Corporation and Equifax Inc. is a specialized website where investors can have complete access to free reports on credit services industry; traders looking for analyst opinions on Moody's Corporation, Equifax Inc. and other players in the industry are welcomed to sign up for a free one year membership at

The announcement basically said that the SEC will take no action against rating agencies. Part of the Dodd-Frank reform bill called for the removing of a 77 year old exemption that kept credit raters from qualifying themselves as experts. Dodd-Frank demanded that they claim themselves to be experts. In the immediate wake of the Dodd-Frank reform bill, several leading rating agencies released statements saying they would not accept "expert liability".

Strict enforcement of the overturned exemption by the SEC announcement could subject agencies to costly litigation. For example, many rating agencies were heavily criticized for their inability to predict the housing market collapse. Had the SEC strictly upheld the exemption's repeal, several agencies could have been subject to heavy financial sanctions.

The latest announcement of continued inaction is welcomed news for credit raters as well as for the market itself. Credit rating agencies continue to rebound financially and will certainly keep an eye on further SEC announcements regarding the exemption. Visit us at to understand the catalysts and forces driving or affecting credit services stocks.

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