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An analysis of the credit rating agencies
International Journal of Critical Accounting, 2014 Credit rating agencies play a critical role in financial markets; by rating the creditworthiness of a wide range of borrowers – from corporations to sovereigns – these agencies add liquidity to markets that would otherwise be illiquid, promote efficiency within such markets, and perhaps most importantly of all, reduce the risk of asymmetric information
Stephen D', N.A. Amato
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2012
Abstract This chapter concentrates on credit rating agencies (CRAs), which play a key role in financial markets. It explains how CRAs help reduce information asymmetry between investors and issuers by providing an independent assessment of the relative creditworthiness of countries or companies.
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Abstract This chapter concentrates on credit rating agencies (CRAs), which play a key role in financial markets. It explains how CRAs help reduce information asymmetry between investors and issuers by providing an independent assessment of the relative creditworthiness of countries or companies.
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Regulation of credit rating agencies
Journal of Banking & Finance, 2009Abstract Financial regulators recognize certain credit rating agencies for regulatory purposes. However, it is often argued that credit rating agencies have an incentive to assign inflated ratings. This paper studies a repeated principal-agent problem in which a regulator approves credit rating agencies.
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2016
Credit rating agencies have come under increased scrutiny since the global financial crisis of 2007–2008, and they have been recognized as holding a key gatekeeping role in the capital markets. As such, an entire subtitle of the comprehensive Dodd-Frank Act—Subtitle C of Title IX—is dedicated to rating agency reform. In particular, given the importance
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Credit rating agencies have come under increased scrutiny since the global financial crisis of 2007–2008, and they have been recognized as holding a key gatekeeping role in the capital markets. As such, an entire subtitle of the comprehensive Dodd-Frank Act—Subtitle C of Title IX—is dedicated to rating agency reform. In particular, given the importance
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The Rise of Dagong Global Credit Rating Agency and the International Credit Rating Agencies Reforms
2021Regulators from the US, the EU and China embarked on a series of comprehensive reforms to regulate the business operation and governance of the credit rating industry in response to the Global Financial Crisis 2007-08. Dagong Global Credit Rating Co (Dagong), a Chinese national representative Credit Rating Agency, heavily criticised the international ...
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2015
Drawing upon the analyses in the previous chapters we now explore the “what ifs” of a national PCRA. The insights gleaned from the identification of functions and malfunctions, issues surrounding methods of assessing creditworthiness, the effectiveness of government, and regulatory capture are invoked to justify the existence, role(s) and the structure
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Drawing upon the analyses in the previous chapters we now explore the “what ifs” of a national PCRA. The insights gleaned from the identification of functions and malfunctions, issues surrounding methods of assessing creditworthiness, the effectiveness of government, and regulatory capture are invoked to justify the existence, role(s) and the structure
openaire +1 more source
International credit rating agencies in Africa: perceptions, trends and challenges
International Journal of Sustainable Economy, 2021Misheck Mutize
exaly