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The Municipal Securities Rulemaking Board today submitted a letter to the Securities and Exchange Commission regarding its proposed rules for Nationally Recognized Statistical Rating Organizations. The MSRB supports the SEC's goal of improving the quality, transparency and accountability of the credit rating agencies. The Board emphasized to the SEC that any required differentiation in ratings by security product or by category be fully disclosed in a manner that is understandable by and reasonably accessible to retail investors.

View Letter (pdf format)

July 25, 2008