Ratings reform: regulation or reinvention?

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New legislation was passed in the US at the end of October to address some of the perceived failings of the rating agencies during the financial crisis. Credit looks at industry reaction to the measures and finds out what steps the agencies are taking in-house to restore confidence.

While the financial markets continue along a path to recovery that began in the second quarter of this year, behind the scenes legislators are still focused on implementing measures they hope will prevent future syste