The credit rating agencies. Journal of Economic Perspec- tives 24, 211-226.White, L., 2010. The credit rating agencies. Journal of Economic Perspectives 24, 211-226.White, Laurence J., 2010, The Credit Rating Agencies, Journ...
Credit-rating Agencies(信用评级机构)可以提供这样的信息。最好的债券评级是AAA,违约风险较小的债券称为投资级债券,评级为Baa以上;低于Baa的是投机级债券,或是Junk bond(垃圾债券)。 我们来看2个例句: Its budget deficit is so big,which has led to warnings from the credit-rating agencies in spite of th...
求翻译:The credit rating agencies have been trying to restore their credibility after missteps leading to the financial crisis. A Congressional panel called them “essential cogs in the wheel of financial destruction” after their wildly optimistic models led them to give top-flight reviews to compl...
The credit rating is the credit status of certain debt instruments to investors to provide an expert opinion, not a substitute for the investors to make investment choices. The rating is one aspect of the investment information, the rating agencies just to use its human, material and technical ...
The history of Credit Rating Agencies [CRAs], commonly called Rating Agencies, has a long and distinguished trajectory marked by influence, reputation and power. Due to the ability of this field to instigate significant changes in market regulations and actions of economic actors, this subject is ...
Image Credit:DragonImages/iStock/Getty Images Credit rating agencies provide investors and debtors with important information regarding the creditworthiness of an individual, corporation, agency or even a sovereign government. The credit rating agencies help measure the quantitative and qualitative risks of...
Although the credit rating agencies’ ratings of corporate bonds and municipal bonds often attract more media attention, the agencies also rate U.S. government bonds. Until 2011 all three agencies had rated U.S. debt as “AAA”: the highest possible rating. In S&P’s language: ...
Our monograph also discusses the subtle contrasts between credit rating agencies and other types of due diligence providers, such as auditors, analysts and proxy-voting advisors. We discuss the frictions associated with paying for information in the context of credit ratings; while the issuer-pay ...
aIn the single-name rating business, where the credit rating agencies had developed their expertise, securities were assessed independently of each other, allowing rating agencies to remain agnostic about the extent to which defaults might be correlated. But to assign ratings to structured finance ...
encouraged developing countries to tap into the international capital market. The credit rating agencies also started to give higher sovereign ratings to developing countries, and financial institutions started to take on more risks, to lend to countries, even to those without a credit rating. ...