The unit of McGraw-Hill Co. said it will appoint an ombudsman to examine potential conflicts of interest among analysts, and an outside firm will review compliance and governance processes, according to Reuters.
Critics have said that rating agencies like S&P,
S&P said it will place new emphasis on factors such as liquidity, volatility and other what if scenarios of market disruptions.
The actions we are taking will serve the public interest by building greater confidence in credit ratings and supporting the efficient operation of the global credit markets, and minimize even the potential for perceived conflicts of interest, said Deven Sharma, president of S&P.
