Rating Agencies Spared In Obama Financial Reforms

Rating Agencies Spared In Obama Financial Reforms
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NEW YORK (Reuters) - Long attacked for awarding pristine ratings to mortgages and other securities that proved worthless, credit rating agencies were essentially spared in the Obama administration's financial regulation overhaul.

The plan urges Moody's Corp's Moody's Investors Service, McGraw-Hill Cos Inc' Standard & Poor's and Fimalac SA's Fitch Ratings and others to bolster the integrity of their ratings, especially in structured finance.

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