### Question
What does nationally recognized statistical rating organization mean?


### Answer
**Nationally recognized statistical rating organization** has the following meaning in *15 U.S.C. § 78c*:

> a credit rating agency that—


(A) issues credit ratings certified by qualified institutional buyers, in accordance with section 78*o*–7(a)(1)(B)(ix) of this title, with respect to—


(i) financial institutions, brokers, or dealers

#### Citation:
  - *15 U.S.C. § 78c*
  - Heading: **CHAPTER 2B-SECURITIES EXCHANGES**

