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Sean Egan, co-founder of Pennsylvania-based rating agency Egan-Jones, is ushering in the New Year with renewed hope that his firm will obtain the US Securities and Exchange Commission (SEC) designation as a nationally registered (previously 'recognised') statistical rating organisation (NRSRO). The status would mean that a company could use Egan-Jones' ratings to meet a wide swathe of SEC requirements pertaining to investing, bond issuance and net capital rules.

Egan's hope rests on the US Cr

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