Rating agencies
Rating the Rating Agencies
... The evidence presented here has suggested that ratings, by and large, fail to anticipate financial crises and are, instead, adjusted ex-post. However, in light of the evidence on other market indicators, this result is ...
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Does Europe Need Its Own Rating Agencies?
... over rating agencies is to designate which ones are acceptable – and for three decades that has effectively impeded ...a rating from a "Nationally Recognized Statistical Rating ...
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BASEL II AND INDIAN CREDIT RATING AGENCIES – IMPACT & IMPLICATIONS
... the rating of the borrower will not change due to economic ...of rating, CRISIL (2002), noted “A strong correlation was observed between GDP growth and the credit ratio 9 for the previous six years upto ...
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Comparison of Country Ratings of Credit Rating Agencies with MOORA Method
... credit rating agencies; at the same time, these countries are among the top 13 countries in the MOORA ranking which was created with the help of the macroeconomic variables that were determined in this ...
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Do Credit Rating Agencies Add Value? Evidence from the Sovereign Rating Business Institutions
... the rating agencies’ opinion and not that this equation is simply ...employing rating agencies’ differences of opinions, one rating agency may follow a spread change rather than ...
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The Political Economy of Sovereign Rating Criteria : What Rating Agencies Demand from National Governments
... Jensen (2003) shows that democratic institutions are associated with better sovereign ratings and he thus affirms the “democratic advantage” hypothesis (Schultz & Weingast 2003). Using a larger panel of data for ...
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The financial crisis and the credit rating agencies: the failure of reputation
... CRT products are more closely exposed to systemic risk than idiosyncratic risk as their portfolios usually consists of large, well- diversified, homogeneous pools of assets (like residential mortgages or credit card ...
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What Can and Cannot Be Done about Rating Agencies
... different rating scales or methodologies, in which case a substantially less concentrated market structure might not be ...credit rating agencies” (Katz, Salinas, and Stephanou ...
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The financial crisis and the credit rating agencies: the failure of reputation
... The decade before the financial crisis was characterized by the development of a secondary market for loans, through the spread of complex Credit Risk Transfer products (CRTs): securities backed by mortgages and loans, ...
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Conflicts of interest’s management within credit rating agencies
... the rating given was ...unsolicited rating, rating which was far lower than that given by Standard & ...inferior rating following the fact that their services weren’t ...
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Recasting Credit Rating Agencies’ Responsibility: Suggestions for Reform
... placed on them by the financial markets and the foreign exchange market. The fact that ratings news induces a market reaction demonstrates the systemic relevance of CRAs and the over- reliance of financial actors on ...
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Opportunistic behaviors of credit rating agencies and bond issuers
... credit rating data from the three credit rating agencies (CRAs) in Korea, we examine whether bond issuers and CRAs engage in rating shopping and ...higher rating than incumbent ...
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Rating the Raters: Evaluating how ESG Rating Agencies Integrate Sustainability Principles
... ESG rating agencies scrutinize businesses and assess corporate sustainability performance by using their own research ...ESG rating agencies into a key reference for companies, financial ...
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Protection of Investors and Credit Rating Agencies Regulation in Latin America
... The growth and expansion of economies of developing countries rely, in a great extension, on the access to financing sources for entrepreneur activities. Capital markets are one of the most efficient alternatives for ...
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New Approaches to Regulating the Activities of Rating Agencies: A Comparative Analysis
... The alternative to the rating assessment may be periodic stress testing of systemically important banks (such experience is available from the ECB). According to the author, it is necessary to extend the practice ...
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Rating Banks in Emerging Markets: What Credit Rating Agencies Should Learn from Financial Indicators
... indicators that would allow to distinguish among banks according to performance since either the mean or the median (or both in a number of cases) of problem banks differed significantly from the corresponding statistics ...
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Information quality of credit ratings and the role of credit rating agencies: the impact of rating agency reform in China
... Credit rating agencies originally charged fee from the investors by selling their reports or ...credit rating when they came to the market. This increasing rating demand let CRAs found they ...
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Comparative Study On Indian Credit Rating Agencies –Rating Methodology, Process, Rating Symbols & Services Ms M Sandra Kirthy
... Currently rating agencies have standardized rating nomenclature for long rat- ings, short term instruments, medium term ratings, IPO grading ...the rating symbols used by four credit ...
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Did credit rating agencies make unbiased assumptions on CDOs?
... assets. Rating agencies categorize collateral assets by sector and then use defined values for within- and across-type ...the rating is issued to facilitate the closing of the ...
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A Critical Analysis of the Recent Russian Regulation on Credit Rating Agencies
... of rating agencies and recently welcomed a multilateral independent international credit rating agency called uCrg (universal Credit rating group) resulting from a partnership between China’s ...
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