SEC Releases 2020 Office of Credit Rating Reports

The Securities and Exchange Commission today issued the Annual Report on Nationally Recognized Statistical Rating Organizations (NRSROs) and the 2020 Summary Report of Commission Staff’s Examinations of Each Nationally Recognized Statistical Rating Organization. The annual report discusses, among other topics, the state of competition, transparency, and conflicts of interest among the firms. The exam report provides a comprehensive overview of the Office of Credit Rating (OCR)’s examinations of the NRSROs, including, among other things, the staff’s essential findings and recommendations. “The Office of Credit Ratings and its oversight of the NRSROs is an important aspect of the Commission’s overall focus on investor protection; maintaining fair, efficient, and orderly markets; and facilitating capital formation,” said Chairman Jay Clayton.