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The Bond Buyer writes "​SEC Votes to Remove NRSRO From 38 Rules", quoting Federated'​s Debbie Cunningham, "We agree completely with the SEC that attention should be paid to over-​dependence on ratings." It also paraphrases the SEC'​s Erik Sirri, saying, "[​T]​he release provides investment firms with two paths -- they can either continue to rely heavily on NRSROs or they can craft their own '​mechanism' to analyze investment quality." To listen to a replay of the SEC Meeting yesterday, click here.

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