Office of Credit Ratings
The Office of Credit Ratings ("OCR") 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." In support of this mission, OCR monitors the activities and conducts examinations of registered NRSROs to assess and promote compliance with statutory and Commission requirements.
Public Reports
Staff Reports and Studies
- Report to Congress on Assigned Credit Ratings
- See comments
- December 2012
- Credit Ratings Standardization Study
- See comments
- September 2012
- Report on Review of Reliance on Credit Ratings
- July 2011
- Summary Report of Issues Identified in the Commission Staff's Examinations of Select Credit Rating Agencies
- July 2008
Staff Guidance
- "Dear DCO" Letter
- November 2012
Annual Reports to Congress
- Annual Report to Congress - June 26, 2011 to June 25, 2012
- December 2012
- December 2012
- Annual Report to Congress - June 26, 2010 to June 25, 2011
- March 2012
- Annual Report to Congress - June 26, 2009 to June 25, 2010
- January 2011
- Annual Report to Congress - June 26, 2008 to June 25, 2009
- September 2009
- Annual Report to Congress - June 26, 2007 to June 25, 2008
- June 2008
Annual Examination Reports
- 2012 Annual Examination Report
- November 2012
- 2011 Annual Examination Report
- September 2011
Examination Resources
- Form NRSRO
- Application for Registration as a Nationally Recognized Statistical Rating Organization
- Form 1661
- Supplemental Information for Entities Subject to Inspection by the Commission and Directed to Supply Information Other Than Pursuant to Commission Subpoena
- Form 2866
- Supplemental Information for Persons Requested to Supply Information Voluntarily to the Commission's Examination Staff
Elsewhere on SEC.gov
Office News
- SEC Announces Panelists for Credit Ratings Roundtable
- May 7, 2013
- SEC Announces Agenda for Credit Ratings Roundtable
- April 23, 2013
- Notice of Roundtable Discussion; Request for Comment
- April 23, 2013
- SEC to Host Credit Ratings Roundtable
- February 26, 2013
- Egan-Jones and Founder Sean Egan Agree to 18-Month Bars from Rating Asset-Backed and Government Securities Issuers as NRSRO
- January 22, 2013
- SEC Issues Staff Summary Report of Examinations of Nationally Recognized Statistical Rating Organizations
- November 15, 2012
- SEC Names Thomas Butler as Director of New Office of Credit Ratings
- June 15, 2012
- SEC Proposes Rules to Increase Transparency and Improve Integrity of Credit Ratings
- May 18, 2011
- SEC Votes on Measures to Further Strengthen Oversight of Credit Rating Agencies
- Sept. 17, 2009
- SEC Approves Measures to Strengthen Oversight of Credit Rating Agencies
- Dec. 3, 2008
- Seven Credit Rating Agencies Register with SEC as Nationally Recognized Statistical Rating Organizations
- Sept. 24, 2007
- Credit Rating Agencies Apply for Registration as Nationally Recognized Statistical Rating Organizations
- June 28, 2007
Registered NRSROs
A.M. Best Company, Inc.
- Class of credit ratings withdrawal(s)
- May 13, 2011
- Order granting registration
- Sept. 24, 2007
DBRS, Inc.
- Order granting registration
- Sept. 24, 2007
Egan-Jones Ratings Co.
- Order Making Findings and Imposing Remedial Sanctions and Cease-and-Desist Orders
- Jan. 22, 2013
- Class of credit ratings addition(s)
- Dec. 4, 2008
- Order granting registration
- Dec. 21, 2007
Fitch, Inc.
- Order granting registration
- Sept. 24, 2007
HR Ratings de México, S.A. de C.V.
- Order granting registration
- Nov. 5, 2012
Japan Credit Rating Agency, Ltd.
- Class of credit ratings withdrawal(s)
- Dec. 2, 2010
- Order granting registration
- Sept. 24, 2007
Kroll Bond Rating Agency, Inc.
- Order granting registration
- Feb. 11, 2008
Moody's Investors Service, Inc.
- Order granting registration
- Sept. 24, 2007
Morningstar Credit Ratings, LLC
- Order granting registration
- June 23, 2008
Standard & Poor's Ratings Services
- Order granting registration
- Sept. 24, 2007
- A.M. Best Company, Inc.
- DBRS, Inc.
- Egan-Jones Ratings Co.
- Fitch, Inc.
- HR Ratings de México, S.A. de C.V.
- Japan Credit Rating Agency, Ltd.
- Kroll Bond Rating Agency, Inc. (formerly known as Lace Financial Corp.)
- Moody's Investors Service, Inc.
- Morningstar Credit Ratings, LLC (formerly known as Realpoint LLC)
- Standard & Poor's Ratings Services
* all sites external