A Guggenheim loan has re-entered distressed territory following an investor call, as CEO Mark Walter's business empire faces pressure from an insurance holdings probe.

Private credit rating agency Egan-Jones has responded to what it calls an 'incendiary allegation' made by the US Securities and Exchange Commission (SEC), claiming the regulator's publication of an order harmed its business.

The Securities and Exchange Commission (SEC) rejected Egan-Jones Ratings Co.'s application to re-enter the market for grading government debt and asset-backed securities, signaling regulatory pushback.

Egan-Jones is proceeding to an SEC hearing to address questions regarding its credit ratings capabilities, with new reports confirming the ongoing process and the firm's appearance before the commission.

Billionaire investor Walter's insurers reportedly paid millions of dollars to credit rating provider Egan-Jones, as the investor faces a wide-ranging probe into the private credit holdings of the insurance companies he controls.