Staff Guidance
The staff of the Commission may issue guidance that includes a summary or explanation of rules adopted or amended by the Commission. The staff guidance below relates to NRSROs and is organized by category. Please note that staff guidance is not a substitute for any rule, and only the rule itself can provide complete and definitive information regarding its requirements.
Compliance Guides
- August 2014 Amendments to Existing Rules and New Rules That Apply to Nationally Recognized Statistical Rating Organizations, Providers of Due Diligence Services for Asset-Backed Securities, and Issuers and Underwriters of Asset-Backed Securities in Accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act
- Oversight of Nationally Recognized Statistical Rating Organizations
"Dear DCO" Letters
- "Dear DCO" Letter (Nov. 2012)
- "Dear DCO" Letter (July 2016)
Disclosure of Credit Rating Histories
Other Staff Guidance
- Egan-Jones Ratings (Mar. 30, 2020)
- Incoming letter also available
- Japan Credit Rating Agency, Ltd. (May 23, 2007)
- Rating and Investment Information, Inc. (May 21, 2007)
- A.M. Best Company, Inc. (Mar. 3, 2005)
- Dominion Bond Rating Service Limited (Mar. 3, 2005)
- Incoming letter also available
Last Reviewed or Updated: Dec. 1, 2016