SEC Bars Egan-Jones From Rating The US And Other Governments For 18 Months | Zero Hedge

The SEC has barred Egan-Jones rating agency from rating the debt of sovereign governments as a penalty for errors on their application to do so. The government must be a little worried that since Egan-Jones is somewhat more honest about the credit worthiness of insolvent governments and these insolvent governments don't want the truth to come out. I am sure that the rating agencies, Moody's and S&P will be totally honest about their ratings now that one of the agencies has been smacked due to telling the truth!

SEC Bars Egan-Jones From Rating The US And Other Governments For 18 Months | Zero Hedge