S&P is one of 10 firms considered by the Securities and Exchange Commission to be "Nationally Recognized Statistical Rating Organizations" (NRSROs).

标普是十家证券交易委员会（SEC）评定的“全国认可的统计评级机构”（NRSROs）之一。

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The Dodd-Frank Act requires federal agencies to remove language requiring reliance on credit ratings by so-called Nationally Recognized Statistical Ratings Services or NRSROs, yet the rules still remain, Wright said.

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Of the 10 sanctioned NRSROs, seven are U.S. companies.

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Yes, a world without NRSROs will mean work for our regulators, but it will also mean regulators will no longer be bogged down with an inconsistent tangle of patchy regulations desperately aimed at defending an indefensible system.

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