Standard & Poor’s Ratings Services (S&P) announced Feb. 7 that it has begun implementing a broad set of 27 new actions to further strengthen its ratings operations and better serve capital markets around the world.
The actions include enhancements in four areas: governance (to strengthen the integrity of the ratings process), analytics (to ensure transparency regarding assumptions), information (to provide market participants with greater transparency about the ratings process), and education (to help market participants better understand what a credit rating is and is not).
“The ongoing transformation of the financial markets requires us to continue to bring more innovative thinking, greater resources, and improved analytics to the ratings process,” said Deven Sharma, president of S&P. “By further enhancing independence, strengthening the ratings process, and increasing transparency, the actions we are taking will serve the public interest by building greater confidence in credit ratings and supporting the efficient operation of the global credit markets.” Read about the new actions.
