Raynes Comments on SEC proposal to Remove Credit Ratings – Financial Week

Sylvain Raynes comments on the SEC’s proposal to remove the requirement of credit ratings for debt securities:

“A consultant who advises investors on pricing complex securities said the SEC plan would open up opportunities for firms like his. Sylvain Raynes, a founding principal of R&R Consulting, said investors who want to rely less on credit ratings may want more advice on price and other matters when dealing with issuers and investment banks. ‘The battleground will shift away from ratings to a more mature and scientific process based on consulting or other bodies.'”

Neil Roland, “SEC’s effort to ease reliance on credit raters is limited by host of other government rules,” Financial Week, July 3, 2008.