Regulation of the US Credit Rating Industry and Regulatory Data Disclosures

30 Pages Posted: 23 Dec 2022

See all articles by Jerry Lu

Jerry Lu

Congress Summit LLC

Gina Nicolosi

Northern Illinois University

Lei Zhou

Northern Illinois University - Department of Finance

Date Written: December 13, 2022

Abstract

The Credit Rating Reform and Dodd-Frank Acts significantly increased US credit rating regulation, yet few academic studies have examined their impact or capitalized on the regulatory disclosure data. To facilitate research in the area, this paper outlines the evolution of credit rating industry regulations, describes the current regulatory environment, and reviews the SEC enforcement actions in recent years. In addition, the paper summarizes the regulatory disclosure requirements, in particular the aggregate rating performance data and individual credit rating history data.

Keywords: credit rating, rating agency, regulation

JEL Classification: G24, G28

Suggested Citation

Lu, Jerry and Nicolosi, Gina and Zhou, Lei, Regulation of the US Credit Rating Industry and Regulatory Data Disclosures (December 13, 2022). Available at SSRN: https://ssrn.com/abstract=4301295 or http://dx.doi.org/10.2139/ssrn.4301295

Jerry Lu

Congress Summit LLC

Gina Nicolosi

Northern Illinois University ( email )

Department of Finance
Barsema Hall
DeKalb, IL 60115
United States
815-753-6391 (Phone)

Lei Zhou (Contact Author)

Northern Illinois University - Department of Finance ( email )

Wirtz Hall
DeKalb, IL 60115
United States
815-753-1115 (Phone)
815-753-0504 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
60
Abstract Views
284
Rank
661,712
PlumX Metrics