Credit rating agencies (CRAs) play a central role in the debt (bond) markets of many
countries. CRAs have also attracted a considerable amount of public and policy attention …

This paper will explore how the financial regulatory structure propelled three credit rating
agencies—Moody's, Standard & Poor's (S&P), and Fitch—to the center of the US bond …

The credit rating industry has historically been dominated by just two agencies, Moody's and
Standard & Poor's, leading to long-standing legislative and regulatory calls for increased …

Listen to a short interview with Rawi AbdelalHost: Chris Gondek| Producer: Heron & Crane
The rise of global financial markets in the last decades of the twentieth century was …

In this article, we provide a novel rationale for credit ratings. The rationale that we propose is
that credit ratings serve as a coordinating mechanism in situations where multiple equilibria …

The most cutting-edge read on the pricing, modeling, and management of credit risk
available The rise of credit risk measurement and the credit derivatives market started in the …

This paper explores the economic role credit rating agencies play in the corporate bond
market. We consider three existing theories about multiple ratings: information production …

We examine whether the properties of bond ratings from certified agencies (designated by
the Securities and Exchange Commission (SEC)) differ from those of non-certified bond …

Abstract The June 1999 and January 2001 proposals by the Bank for International
Settlements (BIS) Basel Committee on Banking Supervision to include borrowers' credit …

A classic book on credit risk management is updated to reflect the current economic crisis
Credit Risk Management In and Out of the Financial Crisis dissects the 2007-2008 credit …