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Chapter 3: Credit Ratings: Credit Rating Agencies, Rating Process and Surveillance
2017Credit rating agencies originated in the USA in the early 1900s. The construction of the railroad system led to the development of corporate bond issues in order to finance the work. Then ratings began to be applied to the issues. In Europe, the bond markets in the UK and the Netherlands were established earlier on but were much smaller and more ...
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Credit ratings: opinions on credit quality [PDF]
, 1996 A description of the role and nature of credit ...
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