The Federal Open Market Committee continues to anticipate that economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels of the federal funds rate for an  6  BIS Review 145/2009  extended period.
How far the fourteen principles for rating systems drawn up by Prof. Krahnen and Prof. Weber will be generally accepted is hard to tell at the moment. Personally, I have a favourable opinion of that initiative, but the principles must still be discussed in more detail.