On August 16th, the Wall Street Journal discussed how credit ratings agencies attained their prominence and what should be done about it. Agency Upgrade. On August 15th The Hill reported that upon its return from its summer recess, the House is likely to vote on H.R. 1539, the Asset-Backed Market Stabilization Act of 2011, which would exempt credit rating agencies from liability if they provide incorrect information in a registration statement or prospectus. Vote.