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NACT responds to U.S House of Representatives hearing on mandatory Credit Rating Agency rotation

July 2021

Following the 2008 financial crisis the EU implemented a mandatory rotation system for the appointment of credit rating agencies – this brings with it a number of challenges for non-financial corporates. The US House of Representatives recently debated the subject with a view to mandating a similar solution in the US. The NACT contributed to the hearing by representing the concerns of Main Street USA.

Read the NACT letter

 

 

Alternative Referencing Rates Committee (ARRC)

 

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