Reuters: U.S. regulators to diminish ratings agencies' role: WSJ

[chris]

U.S. regulators to diminish ratings agencies' role: WSJ
      

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is planning rules to make it possible for U.S. money-market funds to invest in short-term debt without regards to ratings put on those securities by firms such as Moody's and Standard & Poor's, the Wall Street Journal reported on Monday citing people familiar with the matter.
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