California § 2088 - The commissioner may by regulation or order declare a credit rating agency to be
Full text of California Public Contract Code - PCC § 2088 — The commissioner may by regulation or order declare a credit rating agency to be, with citation guidance and answers to common questions.
§ 2088. The commissioner may by regulation or order declare a credit rating agency to be
(a) The commissioner may by regulation or order declare a credit rating agency to be an eligible securities rating service if the commissioner finds the following with respect to the securities rating service: (1) It has been continuously engaged in the business of rating securities for a period of not less than three years. (2) It is competent to rate securities and is nationally recognized for rating securities in a competent manner. (3) It publishes its ratings of securities on a nationwide basis. (b) With respect to this division âeligible securities rating serviceâ means any credit rating agency that the commissioner by regulation or order declared to be an eligible securities ratings service.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 2088
What does Public Contract Code - PCC § 2088 cover?
Section 2088 ("The commissioner may by regulation or order declare a credit rating agency to be") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 2088?
A common citation format is "Public Contract Code - PCC § 2088" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 2088 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.