The Securities and Exchange Commission plans to overhaul rules governing credit rating agencies (CRAs) to ensure a more comprehensive accreditation and supervisory regime, according to a report by Philstar Biz.
The move is part of a broader capital market development agenda aimed at strengthening investor confidence and improving the transparency and reliability of credit ratings in the Philippines.
The SEC is expected to release more details on the proposed changes in the coming weeks, with industry stakeholders likely to be consulted as part of the rulemaking process.