Description: Credit Rating Governance : Global Credit Gatekeepers, Hardcover by Naciri, Ahmed, ISBN 1138796549, ISBN-13 9781138796546, Like New Used, Free shipping in the US 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.
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Book Title: Credit Rating Governance : Global Credit Gatekeepers
Number of Pages: 232 Pages
Publication Name: Credit Rating Governance : Global Credit Gatekeepers
Language: English
Publisher: Routledge
Publication Year: 2015
Item Height: 0.7 in
Subject: Accounting / Financial, Finance / General, Industries / Financial Services, Corporate Finance / General
Type: Textbook
Item Weight: 17.6 Oz
Subject Area: Business & Economics
Item Length: 9.5 in
Author: Ahmed Naciri
Series: Routledge Studies in Corporate Governance Ser.
Item Width: 6.5 in
Format: Hardcover
