CESR Publishes Responses Received To Its Questionnaire Regarding The Rating Of Structured Finance Instruments And Provides An Extended Deadline For Further Responses Until 10 September

As a first step to gather information from the CRAs and from interested parties on the functioning of the rating of structured finance instruments , CESR published on 22 June a questionnaire (CESR/07-394).

CESR would like to highlight that some of the responses that are being published today (and all those from CRAs) were received before the initial 31 July deadline. As recent market developments have stressed the important role of CRAs’ in the structured finance business, CESR has decided to extend the deadline for responding to the questionnaire until 10 September in order to allow a maximum of interested parties to provide their input (and those who already responded to provide additional clarifications, if desired). Respondents may submit their responses on a confidential basis. All responses should be submitted online, in the section Consultations.