Egan-Jones Seeks to Restore Government Debt Rating Privileges

Credit rating agency Egan-Jones is aiming to restore its authority to rate government debt and asset-backed securities following a ban imposed over a decade ago. Bloomberg posted on X, highlighting that the firm faces skepticism from Wall Street's primary regulatory body. The ban, which has been in place for more than ten years, has restricted Egan-Jones from participating in these specific areas of the credit rating market. The firm's efforts to regain these privileges come amid ongoing scrutiny and regulatory challenges in the financial sector. The outcome of this endeavor could significantly impact Egan-Jones' operations and its role in the credit rating industry.