Largely Useless, Even Harmful
- Ratings agencies 'a joke.'. James, David // BRW;2/2/2012, Vol. 34 Issue 3, p9
The article reveals that the poor track record of international rating agencies in predicting the global financial crisis weakens their credibility to downgrade the European economies' creditworthiness and to contribute to investors' anxiety about the European currency crisis.
- EDITORIAL. // Revista de EconomÃa Institucional;nov2010, Vol. 12 Issue 23, p5
No abstract available.
- Fact or fiction in mark-to-market accounting. Lonergan, Wayne // inFinance;Aug2009, Vol. 123 Issue 3, p22
The article discusses the author's views on the mark-to-market accounting used in global financial markets and its link to the global financial crisis. He explains that the mark-to-market accounting has provided more transparency in reporting company assets and liablilities in financial...
- Credit Rating Agencies and Moral Hazard. Bo�ovic, Milo�; Uro�evic, Branko; �ivkovic, Bo�ko // Panoeconomicus;Jun2011, Vol. 58 Issue 2, p219
The failure of credit rating agencies to properly assess risks of complex financial securities was instrumental in setting off the global financial crisis. This paper studies the incentives of companies and rating agencies and argues that the way the current rating market is organized may...
- Ratings agencies criticised. // Super Review;Mar2010, Vol. 24 Issue 2, p4
The article presents statement from Justin Pascoe, chief investment officer of Victorian Funds Management Corp., on ratings agencies as probably to come out as one of the bigger losers from the global financial crisis due to some of the rankings they handed special products.
- Credit Information in Emerging Markets: The Rating Agencies and Credit Risk Reports, Peruvian Experience. Cisneros, Diego; Lizarzaburu, Edmundo R.; Quispe Salguero, Julio // International Journal of Business & Management;Dec2012, Vol. 7 Issue 24, p35
This paper seeks to develop a literature review within the main aspects of credit information in emerging markets, important aspect considering that several companies, including the small enterprises, are looking forward to "go" to capital markets. Thus, we will analyze the role of rating...
- Experian: Average U.S. Credit Score Remains Healthy Post-Recession. Fitzgerald, Kate // CardLine;12/3/2010, Vol. 10 Issue 50, p12
The article reports on the finding of California-based global information services company Experian PLC, that U.S. consumers' credit scores dipped slightly during the global economic slowdown in 2008. It states average VantageScore credit score was 755 in August 2008 and 750 in 2009. It mentions...
- My time guarding the City's guards. Preston, Alex // New Statesman;6/21/2010, Vol. 139 Issue 5006, p14
In this article the author uses his experience of working at a credit rating agency as background for his discussion of those organizations and the role they played in the creation of the global financial crisis of 2008-09. A number of topics are addressed including the history of the major...
- CREDIT RATING AGENCIES, THE SUBPRIME MORTGAGE DEBACLE AND GLOBAL GOVERNANCE: THE EU STRIKES BACK. MCVEA, HARRY // International & Comparative Law Quarterly;Jul2010, Vol. 59 Issue 3, p701
The global financial crisis has served to highlight serious weaknesses in global governance, revealing fault lines in the international financial architecture and its accompanying regulatory apparatus. Most glaringly, the spotlight has fallen on Credit Rating Agencies (CRAs)--key governance...