SEC officials have questioned the ability of Egan-Jones Rating Co., a small firm, to rate government debt and asset-backed securities. The Securities Exchange Commission (SEC) has raised concerns about the firm’s financial resources and management capabilities, which could impact its efforts to regain this rating capability after being banned over a decade ago.
Source: https://www.bloomberg.com/news/articles/2026-03-24/sec-questions-egan-jones-over-bid-to-again-rate-government-debt