The Rating Agencies and Their Credit Ratings: What They Are, How They Work, and Why They are Relevant
By admin - Last updated: Thursday, April 22, 2010 - Save & Share - One Comment
- ISBN13: 9780470018002
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Credit rating agencies play a critical role in capital markets, guiding the asset allocation of institutional investors as private capital moves freely around the world in search of the best trade-off between risk and return. However, they have also been strongly criticised for failing to spot the Asian crisis in the early 1990s, the Enron, WorldCom and Parmalat collapses in the early 2000s and finally for their ratings of subprime-related structured finance instrum… More >> The Rating Agencies and Their Credit Ratings: What They Are, How They Work, and Why They are Relevant
Posted in Credit Score • Tags: Agencies, Credit, Rating, Ratings, Relevant, Their, They, Work • Top Of Page
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Comment from Fred Brown
Time April 22, 2010 at 8:25 pm
Gave me a much better understanding of what credit ratings mean. Fast forwarded over sections of the book that I was not interested in but these were relatively small exceptions.
Rating: 5 / 5