News Briefs

  10/14/2012, Tishrei 28, 5773

Bill to Regulate Credit Rating Agencies Endorsed

The Ministerial Committee on Legislation endorsed, Sunday, a draft of a bill formulated by the Securities Authority in cooperation with the Justice Ministry and the Treasury to regulate the activities of credit-rating agencies in Israel.

The legislation seeks to define credit rating and credit-rating agencies by setting minimum standards and ratings.