On the recordApril 26, 2010
They were under a lot of pressures in order to keep market share and in order to keep their business alive, so, therefore, they had to rate competitively against the other rating agencies.
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congress.govThey were under a lot of pressures in order to keep market share and in order to keep their business alive, so, therefore, they had to rate competitively against the other rating agencies.
Senator Carper discusses the competitive pressures on rating agencies.
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People ask me what I am proudest of in my life, and I always say, raising three boys, with a big assist from their mom.
I think the greatest way that the Commission can have an impact on that is probably through our rate-making authority.
We are better off when we hear community concerns at the beginning of the process rather than at the end.