April 21, 2008

DODD TO HOLD HEARING ON ROLE OF CREDIT RATING AGENCIES IN MARKET TURMOIL

WASHINGTON, DC – Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, announced that tomorrow he will continue the series of hearings that he is holding on what led to the turmoil in the U.S. credit markets, and solutions to restore stability and soundness to the economy. Tomorrow’s hearing will focus on the role of the credit rating agencies in the current credit crisis, and potential measures to improve their accuracy and performance.   
WHO:             Chairman Chris Dodd
Members of the Senate Banking Committee
Panel One:     The Honorable Christopher Cox
                        Chairman, U. S. Securities and Exchange Commission
Panel Two:     Professor John C. Coffee, Jr.
                        Adolf A. Berle Professor of Law, Columbia University Law School
                        Dr. Arturo Cifuentes
                        Managing Director, R.W. Pressprich & Co.
                        Mr. Stephen W. Joynt
                        President and Chief Executive Officer, Fitch Ratings
                        Ms. Claire Robinson
                        Senior Managing Director, Moody’s Investors Service
                        Ms. Vickie A. Tillman
                        Executive Vice President, Standard & Poor’s
WHERE:  SENATE BANKING COMMITTEE HEARING ROOM
       538 DIRKSEN SENATE OFFICE BUILDING
WHEN:  10 A.M. TOMORROW, TUESDAY, APRIL 22ND   
 
-30-