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Article: Moody's Investors Service Updates its Code of Professional Conduct.
- Article from:
- Business Wire
- Article date:
- October 23, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Moody's Investors Service announced today that it has published an updated Code of Professional Conduct ("MIS Code"). The MIS Code, originally published in June 2005, implements the International Organization of Securities Commissions' Code of Conduct Fundamentals for Credit Rating Agencies ("IOSCO Code").
The changes to the MIS Code reflect the company's continuing efforts to clarify and enhance its policies and processes for ensuring the integrity, objectivity and transparency of its ratings processes, consistent with the IOSCO Code principles. In particular, the revisions reinforce the separation of the Moody's Investors Service ratings business ...