Global financial orders and credit rating agencies: disruptions and adaptations [PDF]
Brazilian Journal of Political EconomyThis paper addresses the possible disruption of the global financial order (GFO) based on the behavior of S&P Global, Moody’s and Fitch Ratings, century-old rating agencies, in face of three potentially disruptive crises: the 2008 global financial crisis,
PEDRO LANGE MACHADO
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Rating Agencies: Is There an Agency Issue? [PDF]
, 2002 This paper examines the potential for conflicts of interest in the debt ratings business. Inherent in the current business model is the fact that firms whose obligations are rated by the agencies pay fees for those ratings, which in turn comprises virtually all of the revenues of the rating agencies.
Roy C. Smith, Ingo Walter
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Overdependence on Credit Ratings Was a Primary Cause of the Crisis [PDF]
The first part of the paper describes how over time credit rating agencies ceased to play the role of information intermediaries. Rating agencies did not provide information about the risk associated with the securitized instruments, but they simply ...
Frank Partnoy
core
The Role of Big Rating Agencies in Intensifying the Economic Crises [PDF]
Global Economic Observer, 2019 Fitch, Standard & Poor's (S&P) and Moody's are the three big rating agencies on the planet, representing some of the strongest protagonists in the world of financing.
PETRU FILIP
doaj
More analysts, better ratings: Do rating agencies invest enough in less developed countries? [PDF]
Rating agencies' track record is good in developed countries but poor in emerging economies. Why? Given the almost-monopolistic structure of the industry, we conjecture that agencies might underinvest in information gathering.
Giovanni Ferri
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Addicted to Ratings: The Case for Reducing Governments’ Reliance on Credit Ratings [PDF]
Credit rating agencies have been blamed for their role in the recent financial crisis, notably for having assigned high ratings to complex financial instruments that yielded billions in losses to investors. As a consequence, a number of reforms have been
Philippe Bergevin
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Il rapporto tra impresa e agenzia di rating: la soluzione del multi-rating [PDF]
The credit rating market is characterized by low competition and a potential conflict of interest, due to the system of remuneration of the rating services, which impairs the reliability of the judgement delivered.
Mattarocci, Gianluca
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Rating Agencies on the International Financial Market: an Approach in Terms of the Transaction Cost Economy [PDF]
Rating agencies, by the assigned risk grades, point out the quality of debtors and credit instruments in terms of the probability to cease payments and the recovery possibilities. The existence and development of rating agencies on the capital markets is
Monica DUDIAN
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The impact of ESG rating changes on fund shareholding
HeliyonThis study examines the impact of environmental, social and governance (ESG) rating changes on fund shareholding based on rating data from five agencies. Using a sample of Shanghai and Shenzhen A-share listed companies in China spanning from 2019 to 2021,
Zhang Jianfeng +3 more
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Dubai turmoil before and after the bailout [PDF]
This note explains the circumstances that created the recent economic turmoil in Dubai. It analyses the consequences of the bailout the government ultimately enforced.
Hasan, Zubair
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