El Salvador has repurchased more than $500 million of its bonds at a huge discount, but that may not lessen its risk of a default at the beginning of 2023. While the country’s experiment with bitcoin as a legal tender has largely been a failure,...
September 03, 2024
The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant” recordkeeping failures in maintaining and preserving electronic communications. The firms have agreed to pay civil penalties and to implement improvements to their compliance policies and procedures, the regulator said in a Tuesday (Sept. 3) press release. The six companies include A.M. Best Rating Services, Demotech, Fitch […]
