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How SOX affects investing through credit rating agencies
Author(s) -
Burnie David A.,
Langsam Sheldon A.
Publication year - 2004
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20056
Subject(s) - credit rating , structuring , business , debt , bond credit rating , accounting , finance , affect (linguistics) , credit enhancement , credit reference , financial system , credit risk , linguistics , philosophy
The Sarbanes‐Oxley Act (SOX) has a long reach. Is your firm issuing debt or other securities? Or are you concerned about the cost of capital? Are you responsible for structuring financial transactions or for making investments? Then you may be surprised to learn that SOX Section 702(b) can affect all these activities and more. It regulates the hugely important credit rating agencies. © 2004 Wiley Periodicals, Inc.