Credit Rating Governance

Credit Rating Governance

4.11 - 1251 ratings - Source

Credit rating agencies play an essential role in the modern financial system and are relied on by creditors and investors on the market. In the recent financial crisis, their power and reliability were often questioned, yet a simple rating downgrade could threaten to bankrupt a whole country. This book examines the governance of credit rating agencies, as expressed by their ability to fairly, ethically and consistently assign higher rates to issuers having lesser default risks. However, factors such as the drive for increased revenue and market share, the inadequate business model, the inadequate methodology of assessing risk, opacity and inadequate internal monitoring have all been identified as critical governance failures for credit agencies. This book explores these issues, and proposes some potential solutions and improvements. This will be of interest to researchers and advanced students of corporate finance, finance, financial economics, risk management, investment management, and banking.McAndrews, M. and J.-C. Rochet (2009), a#39;Rating the raters: are reputation concerns powerful enough to discipline rating ... Standard aamp; Poora#39;s (Saamp;P) (2011), a#39;Guide to credit rating essentialsa#39;, at:, retrieved 12anbsp;...

Title:Credit Rating Governance
Author: Ahmed Naciri
Publisher:Routledge - 2015-01-30

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.

Click button below to register and download Ebook
Privacy Policy | Contact | DMCA