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Senator Elizabeth Warren is pressing credit rating agencies like Moody’s, S&P, and Fitch for details on how they rate private-credit products. She also urged Treasury Secretary Scott Bessent to evaluate how big the private-credit space has gotten—and what threats it could pose to https://t.co/B8N1QsRUHh
WARREN ALSO ASKED TREASURY SECRETARY BESSENT TO ASSESS THE PRIVATE CREDIT MARKET’S SIZE AND POTENTIAL THREATS TO FINANCIAL STABILITY - WSJ
WARREN SENT LETTERS TO S&P GLOBAL RATINGS MOODY’S AND FITCH RATINGS, ASKING FOR INFORMATION ABOUT HOW THEY SCORE RISKINESS OF PRIVATE-CREDIT PRODUCTS - WSJ
U.S. Senator Elizabeth Warren on Thursday sent letters to the three dominant credit-rating agencies—S&P Global Ratings, Moody’s Ratings and Fitch Ratings—requesting details on the models and data they use to gauge the riskiness of private-credit products, according to the Wall Street Journal. Warren, a Massachusetts Democrat, separately asked Treasury Secretary Scott Bessent to evaluate the current size of the fast-growing private-credit market and assess whether it poses threats to broader financial stability.
