Nationally Recognized Statistical Rating Organization Law and Legal Definition
According to 15 USCS § 78c (62), the term nationally recognized statistical rating organization means “a credit rating agency that--
(A) has been in business as a credit rating agency for at least the 3 consecutive years immediately preceding the date of its application for registration under section 15E [15 USCS § 78o-7];
(B) issues credit ratings certified by qualified institutional buyers, in accordance with section 15E(a)(1)(B)(ix) [15 USCS § 78o-7(a)(1)(B)(ix)], with respect to--
(i) financial institutions, brokers, or dealers;
(ii) insurance companies;
(iii) corporate issuers;
(iv) issuers of asset-backed securities (as that term is defined in section 1101(c) of part 229 of title 17, Code of Federal Regulations, as in effect on the date of enactment of this paragraph);
(v) issuers of government securities, municipal securities, or securities issued by a foreign government; or
(vi) a combination of one or more categories of obligors described in any of clauses (i) through (v); and
(C) is registered under section 15E [15 USCS § 78o-7].”
Legal Definition list
- Nationally Recognized Accrediting Agency [Education]
- Nationality Theory
- Nationality Principle
- Nationality
- National-Treatment Clause
- Nationally Recognized Statistical Rating Organization
- Nationally Recognized Testing Laboratory [NRTL]
- Nationally Tracked Nuclear Source
- Nationwide Mortgage Licensing System and Registry
- Nationwide Significant Risk Threshold
- Native American
Related Legal Terms
- 527 Organizations
- Administrative and Operating [A&O] Subsidy
- Air Carrier Operating Certificate
- Airport Operating Certificate
- Alaska Native Organization [Education]
- Amateur Sports Organization
- American Statistical Association
- Animal Protection Organization
- Applicable Group Purchasing Organization
- Arbitration Organization
