S&P sets changes to bolster confidence in ratings

NEW YORK (Reuters) - Standard & Poor's on Thursday announced 27 separate actions it said will bolster confidence in its credit ratings, after coming under fire for how it rated complex debt that sank in value as credit markets tightened.

S&P, a unit of McGraw-Hill Cos Inc , will also increase emphasis on other factors that could affect securities' pricing, such as liquidity and volatility, and add other tools to help it better monitor the quality of securities it rates.

On Monday, Moody's said it may change how it rates structured products. Fitch is also considering rating changes.

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