Oct. 24 (Bloomberg) -- Rating and Investment Information Inc., a Tokyo-based provider of credit ratings, said it withdrew its registration with the U.S. Securities and Exchange Commission.
R&I will no longer be a so-called nationally recognized statistical rating organization, or NRSRO, the company said on its website in a statement dated Oct. 14. R&I said it made the decision based on its “business judgment.” After R&I’s withdrawal, there will be nine credit-rating companies recognized by the SEC, according to the agency’s website.
R&I said it intends to remain registered with the Japan Financial Services Agency and made the decision based on its “business judgment.”
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