Senator Warren Asks Ratings Firms How They Assess Private Credit Risk

Senator Warren Asks Ratings Firms How They Assess Private Credit Risk

Senator Elizabeth Warren asked US Treasury Secretary Scott Bessent and various ratings agencies for more information on risks posed by the $1.7 trillion private-credit industry.

US Senator writes to ratings agencies after reports of 'inflating' private credit ratings

US Senator Elizabeth Warren has written to Treasury Secretary Scott Bessent and several ratings agencies about the $1.7tn (£1.3tn) private credit market, amid concerns that “some companies may be inflating the credit ratings of private credit products” following recent reports. In her letters to agencies including Moody’s Ratings, S&P Global Ratings, and Fitch Ratings, Senator […] The post US Senator writes to ratings agencies after reports of ‘…

Warren Flags Economic Risk, CZ Defends Industry

The post Warren Flags Economic Risk, CZ Defends Industry appeared on BitcoinEthereumNews.com. Senator Elizabeth Warren once again warned about crypto, claiming that it poses a serious risk to the U.S. financial system and that Big Tech could exploit it. However, former Binance CEO Changpeng Zhao (CZ) has responded, saying that all companies, not just the  New York Stock Exchange (NYSE), drive the U.S. economy. CZ Says NYSE Isn’t the Whole Econom…