Kroll Bond Rating Agency has agreed to a $2 million settlement with the U.S. Securities and Exchange Commission after the agency detected failures in its internal control structure for rating commercial mortgage-backed securities. Kroll was facing two charges from the SEC, the second stemming from its ratings of collateralized loan obligation combination notes, Commercial Observer reported, citing an SEC announcement. When it came to CMBS, the SEC said Kroll allowed its analysts to make changes
source https://therealdeal.com/2020/10/01/kroll-reaches-2m-sec-settlement-over-cmbs-clo-ratings/
No comments:
Post a Comment