Today'​s Wall Street Journal writes "​Vanguard Slams SEC'​s Rating Proposals", which discusses opposition to the SEC'​s July 1 proposal to remove ratings from Rule 2a-​7, the regulations governing money market funds. (​See our August 18 article, "Vanguard Strongly Opposes Eliminating Credit Ratings From Rule 2a-​7".) WSJ says, "The most significant portion of the proposals would make it possible for U.​S. money-​market funds to invest in short-​term debt without regard to ratings put on those securities by firms such as Moody'​s Investors Service, Standard & Poor'​s and Fitch Ratings."

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