US insurance regulators add new rating agency to list
The US National Association of Insurance Commissioners has approved Realpoint’s CMBS ratings as an acceptable rating organisation as an alternative to the major ratings agencies, Reuters reports
Realpoint provides its analysis and ratings to investors through subscriptions.
Last week, the Securities and Exchange Commission named Realpoint as a nationally recognised statistical rating organisation.
Realpoint chief executive Rob Dobilas said: "This action by the NAIC, and the insurance industry as a whole, indicates that investors and regulators recognise that positive change in the ratings business is necessary to restore confidence in the structured-finance markets."
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