Credit-rating agency reform in the works

A recurring theme in the Sarbanes-Oxley era is that credit-rating agencies are ridden with conflicts of interest that make it difficult for them to see Enron-like warning signs. True or not, that attitude has resulted in a bill passed by the House of Representatives that would open the industry to more competitors and give the SEC industry oversight. The Senate hopes to pass similar legislation soon. Now, if this were to come to pass, and it might, it might work against any Sarbox relief granted by the SEC. You have to wonder if agency analysts will tighten up more voluntarily.

> Take a look at this article from The Washington Post.