The Financial Reform Act of 2010 established the Office of Credit Ratings to provide oversight for credit rating agencies.
The Office of Credit Ratings assists the Commission in executing its responsibility for protecting investors, promoting capital formation, and maintaining fair, orderly, and efficient markets through the oversight of credit rating agencies registered with the Commission as "nationally recognized statistical rating organizations" or "NRSROs." Credit rating agencies provide investors with information about whether bond and debt instrument issuers can meet their obligations.
Learn more about the office of credit ratings here:
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