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Credit Rating Agencies

A critical introduction to the complex world of the credit rating industry: how it works, how it has evolved, the role it played in the financial crisis, and how it is regulated.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Mennillo, Giulia
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Newcastle Upon Tyne : Agenda Publishing, 2022.
Colección:Finance Matters.
Temas:
Acceso en línea:Texto completo

MARC

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300 |a 1 online resource (148 p.). 
490 1 |a Finance Matters 
500 |a Description based upon print version of record. 
505 0 |a Cover -- Half Title -- Series Information -- Title Page -- Dedication -- Copyright Page -- Contents -- Acknowledgements -- List of figures and tables -- List of abbreviations -- Introduction -- Why CRAs have become important -- The CRAs' role in the global financial crisis of 2008 -- Current status of the rating agencies: "anything but discredited players"? -- The resilience of CRAs -- Overview of the book -- 1 The "what" and the "who" about credit rating -- What is a rating and what is it not? -- CRAs as a case of structural power -- The Big Three -- Standard & Poor's Global Ratings 
505 8 |a Moody's Investors Service -- Fitch Ratings -- Technological change and the commodification of rating -- 2 What do credit rating agencies do? -- The authors of the common language of credit risk -- The rating scale -- Investment grade, or not investment grade -- that is the question -- Rating methodologies -- Sovereigns -- Sub-sovereigns -- Corporate rating methodology -- Discussion -- Rating through the cycle -- The caveat of the invisible in the visible: reading between the lines -- 3 The use of ratings -- Issuers, investors and intermediaries 
505 8 |a The collateral framework of the European Central Bank -- The standardized approach for credit risk in the Basel regulatory framework -- What are the alternatives to the regulatory use of ratings? -- Is there no alternative to external CRA ratings? -- The initiative of the Financial Stability Board to reduce the CRA reliance -- Wishful thinking: back to Basel I? -- 4 Credit rating agencies under criticism -- Conflicts of interest -- The US home bias -- The lack of competition -- The timeliness of ratings -- The CRA critique and the CRAs' authority -- 5 Regulating the credit rating agencies 
505 8 |a US efforts -- Transnational efforts -- EU efforts -- An assessment of the CRA regulations enacted after the GFC -- 6 Credit rating in China -- A brief history -- The major players -- Dagong's sovereign ratings: challenging the Big Three or just reinventing the wheel? -- Dysfunctionality in the rating market: causes and indicators -- Liberalizing China's rating market -- Conclusion -- Notes -- References -- Index 
520 |a A critical introduction to the complex world of the credit rating industry: how it works, how it has evolved, the role it played in the financial crisis, and how it is regulated. 
590 |a eBooks on EBSCOhost  |b EBSCO eBook Subscription Academic Collection - Worldwide 
650 0 |a Rating agencies (Finance) 
650 0 |a Credit bureaus. 
650 0 |a Credit ratings. 
650 6 |a Agences de notation (Finances) 
650 6 |a Crédit  |x Agences de renseignements. 
650 6 |a Cotes de solvabilité. 
650 7 |a Credit bureaus  |2 fast 
650 7 |a Credit ratings  |2 fast 
650 7 |a Rating agencies (Finance)  |2 fast 
776 0 8 |i Print version:  |a Mennillo, Giulia  |t Credit Rating Agencies  |d Newcastle Upon Tyne : Agenda Publishing,c2022 
830 0 |a Finance Matters. 
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