U.S. Asset Gatherers Ratings Have Held Firm Under Dodd-Frank, But It's Still Early On, Article Says Jul 12

Standard & Poors, July 2012

Abstract
NEW YORK (Standard & Poor's) July 13, 2012--U.S. banks have thus far borne the brunt of the Dodd-Frank Wall Street Reform and Consumer Protection Act's impact, while its effects on asset gatherers have been more moderate, said an article published today by Standard & Poor's Ratings Services, titled "Dodd-Frank Hasn't Hurt U.S. Asset Gatherers' Credit Quality, But It's Still Early On." "We have not taken any rating actions on asset gatherers as a result of Dodd-Frank--which contains some of the widest-reaching financial regulatory reforms in U.S. history--because nothing enacted, so far, has significantly affected the credit quality of any of the firms we rate," said Standard & Poor's credit analyst Charles Rauch. "That said, we believe Dodd-Frank could, when fully...

Companies mentioned in this report are: Jefferies Group Inc.,Options Clearing Corp.,Charles Schwab & Co. Inc.,The Depository Trust Company,National Securities Clearing Corporation,IBG LLC,Fixed Income Clearing Corp.,CME Group Inc.,NYSE Euronext,LCH.Clearnet Group Ltd.,Visa Inc.,MasterCard Inc.,GFI Group Inc.
Action: General Comment

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Jefferies Group Inc.,Options Clearing Corp.,Charles Schwab & Co. Inc.,The Depository Trust Company,National Securities Clearing Corporation,IBG LLC,Fixed Income Clearing Corp.,CME Group Inc.,NYSE Euronext,LCH.Clearnet Group Ltd.,Visa Inc.,MasterCard Inc.,GFI Group Inc.

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