Credit Rating Agencies
In the United States and Europe faulty credit ratings and flawed rating processes are widely perceived as being among the key contributors to the global financial crisis. That has brought them under intense scrutiny and led to proposals for radical...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/10/11800001/credit-rating-agencies http://hdl.handle.net/10986/10227 |
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okr-10986-102272021-04-23T14:02:49Z Credit Rating Agencies Katz, Jonathan Salinas, Emanuel Stephanou, Constantinos ACCESS TO CAPITAL ACCESS TO CAPITAL MARKETS ADVERSE EFFECT ADVISORY SERVICES AMOUNT OF RISK ASSET CLASS ASSET CLASSES ASSET MANAGERS BANKING CRISIS BANKRUPTCY BARRIERS TO ENTRY BASIS POINTS BOND BONDS BROKERAGE BROKERAGE COMPANIES CAPITAL ADEQUACY CAPITAL ADEQUACY REQUIREMENTS CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CODE OF CONDUCT CODES OF CONDUCT COLLATERAL COLLECTIVE ACTION COLLECTIVE ACTION PROBLEMS CONFLICTS OF INTEREST CONTRACT PROVISIONS CORPORATE BONDS CORPORATE DEBT CREDIT ASSESSMENT CREDIT DECISIONS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT RATING CREDIT RATING AGENCIES CREDIT RATING AGENCY CREDIT RATINGS CREDIT RISK CREDIT UNDERWRITING CREDITWORTHINESS DEBT DEBT CRISES DEBT DEFAULTS DEBT INSTRUMENT DEBT ISSUE DEBT ISSUES DEBT MARKET DEBT OFFERING DEBT OFFERINGS DEBT RATINGS DEBT SECURITIES DEFAULTS DISCLOSURE OBLIGATIONS DISCLOSURE OF INFORMATION DISCLOSURE REQUIREMENTS DUE DILIGENCE ELIGIBLE INVESTMENTS EMERGING-MARKET ENFORCEMENT MECHANISM EQUITY ISSUES EQUITY MARKETS EQUITY SECURITIES EXCHANGE COMMISSION EXPLOITATION EXPOSURES EXTERNAL CREDIT FEDERAL RESERVE FINANCIAL ADVICE FINANCIAL CONTRACTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL PROBLEMS FINANCIAL REFORMS FINANCIAL RISK FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FUNGIBLE GLOBAL BANKING GLOBAL FINANCIAL SYSTEM GLOBAL MARKET GOVERNANCE MECHANISMS GOVERNMENT REGULATION GROUP CREDIT GUARANTEE AGENCY HISTORICAL PERFORMANCE INFORMATION ASYMMETRIES INSTITUTIONAL INVESTORS INTERNATIONAL COOPERATION INTERNATIONAL MARKETS INTERNATIONAL SETTLEMENTS INVESTING INVESTMENT BANKS INVESTMENT DECISIONS INVESTMENT MANAGEMENT ISSUANCE JURISDICTIONS LEGAL AUTHORITY LENDERS LIABILITY MARKET ACCEPTANCE MARKET DISCIPLINE MARKET LIQUIDITY MARKET MANIPULATION MARKET PARTICIPANTS MARKET PRICES MARKET SHARE MARKET STRUCTURE MONEY MANAGERS MORTGAGE MORTGAGE LENDERS MORTGAGES MUTUAL FUNDS NEGOTIATIONS OLIGOPOLISTIC MARKET OLIGOPOLY POLICY RESPONSES PORTFOLIO PORTFOLIO MANAGERS PRICE VOLATILITY PRINCIPAL-AGENT PROBLEMS PRIVATE SECTOR DEVELOPMENT PROBABILITY OF DEFAULT PROFIT MARGIN PROFIT MARGINS PROFITABILITY PROSPECTUS PRUDENTIAL REGULATION PUBLIC DISCLOSURE PUBLIC DISCLOSURES PUBLIC INFORMATION PUBLIC POLICY RECORD KEEPING REGULATORY CAPITAL REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY POLICIES REGULATORY REFORMS REGULATORY REQUIREMENTS REGULATORY STANDARDS REGULATORY TREATMENT REPUTATION RISK OF DEFAULT RISK WEIGHTS S&P SALARIES SCANDALS SECURITIES SECURITIES COMMISSIONS SECURITIES INDUSTRY SECURITIES MARKETS SECURITIES REGULATORS SELF-REGULATION SHARE PRICE SOVEREIGN ISSUERS TIME HORIZON TRADING TRANSPARENCY TRANSPARENCY REQUIREMENTS TURNOVER UNDERLYING ASSETS UNDERWRITER UNDERWRITERS UNION In the United States and Europe faulty credit ratings and flawed rating processes are widely perceived as being among the key contributors to the global financial crisis. That has brought them under intense scrutiny and led to proposals for radical reforms. The ongoing debate, while centered in major developed markets, will also influence policy choices in emerging economies: whether to focus on strengthening the reliability of ratings or on creating alternative mechanisms and institutions that can perform more effectively the role that in developed markets has traditionally been conferred on credit rating agencies. 2012-08-13T10:47:17Z 2012-08-13T10:47:17Z 2009-10 http://documents.worldbank.org/curated/en/2009/10/11800001/credit-rating-agencies http://hdl.handle.net/10986/10227 English Crisis Response Note; No. 8 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ACCESS TO CAPITAL ACCESS TO CAPITAL MARKETS ADVERSE EFFECT ADVISORY SERVICES AMOUNT OF RISK ASSET CLASS ASSET CLASSES ASSET MANAGERS BANKING CRISIS BANKRUPTCY BARRIERS TO ENTRY BASIS POINTS BOND BONDS BROKERAGE BROKERAGE COMPANIES CAPITAL ADEQUACY CAPITAL ADEQUACY REQUIREMENTS CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CODE OF CONDUCT CODES OF CONDUCT COLLATERAL COLLECTIVE ACTION COLLECTIVE ACTION PROBLEMS CONFLICTS OF INTEREST CONTRACT PROVISIONS CORPORATE BONDS CORPORATE DEBT CREDIT ASSESSMENT CREDIT DECISIONS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT RATING CREDIT RATING AGENCIES CREDIT RATING AGENCY CREDIT RATINGS CREDIT RISK CREDIT UNDERWRITING CREDITWORTHINESS DEBT DEBT CRISES DEBT DEFAULTS DEBT INSTRUMENT DEBT ISSUE DEBT ISSUES DEBT MARKET DEBT OFFERING DEBT OFFERINGS DEBT RATINGS DEBT SECURITIES DEFAULTS DISCLOSURE OBLIGATIONS DISCLOSURE OF INFORMATION DISCLOSURE REQUIREMENTS DUE DILIGENCE ELIGIBLE INVESTMENTS EMERGING-MARKET ENFORCEMENT MECHANISM EQUITY ISSUES EQUITY MARKETS EQUITY SECURITIES EXCHANGE COMMISSION EXPLOITATION EXPOSURES EXTERNAL CREDIT FEDERAL RESERVE FINANCIAL ADVICE FINANCIAL CONTRACTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL PROBLEMS FINANCIAL REFORMS FINANCIAL RISK FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FUNGIBLE GLOBAL BANKING GLOBAL FINANCIAL SYSTEM GLOBAL MARKET GOVERNANCE MECHANISMS GOVERNMENT REGULATION GROUP CREDIT GUARANTEE AGENCY HISTORICAL PERFORMANCE INFORMATION ASYMMETRIES INSTITUTIONAL INVESTORS INTERNATIONAL COOPERATION INTERNATIONAL MARKETS INTERNATIONAL SETTLEMENTS INVESTING INVESTMENT BANKS INVESTMENT DECISIONS INVESTMENT MANAGEMENT ISSUANCE JURISDICTIONS LEGAL AUTHORITY LENDERS LIABILITY MARKET ACCEPTANCE MARKET DISCIPLINE MARKET LIQUIDITY MARKET MANIPULATION MARKET PARTICIPANTS MARKET PRICES MARKET SHARE MARKET STRUCTURE MONEY MANAGERS MORTGAGE MORTGAGE LENDERS MORTGAGES MUTUAL FUNDS NEGOTIATIONS OLIGOPOLISTIC MARKET OLIGOPOLY POLICY RESPONSES PORTFOLIO PORTFOLIO MANAGERS PRICE VOLATILITY PRINCIPAL-AGENT PROBLEMS PRIVATE SECTOR DEVELOPMENT PROBABILITY OF DEFAULT PROFIT MARGIN PROFIT MARGINS PROFITABILITY PROSPECTUS PRUDENTIAL REGULATION PUBLIC DISCLOSURE PUBLIC DISCLOSURES PUBLIC INFORMATION PUBLIC POLICY RECORD KEEPING REGULATORY CAPITAL REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY POLICIES REGULATORY REFORMS REGULATORY REQUIREMENTS REGULATORY STANDARDS REGULATORY TREATMENT REPUTATION RISK OF DEFAULT RISK WEIGHTS S&P SALARIES SCANDALS SECURITIES SECURITIES COMMISSIONS SECURITIES INDUSTRY SECURITIES MARKETS SECURITIES REGULATORS SELF-REGULATION SHARE PRICE SOVEREIGN ISSUERS TIME HORIZON TRADING TRANSPARENCY TRANSPARENCY REQUIREMENTS TURNOVER UNDERLYING ASSETS UNDERWRITER UNDERWRITERS UNION |
| spellingShingle |
ACCESS TO CAPITAL ACCESS TO CAPITAL MARKETS ADVERSE EFFECT ADVISORY SERVICES AMOUNT OF RISK ASSET CLASS ASSET CLASSES ASSET MANAGERS BANKING CRISIS BANKRUPTCY BARRIERS TO ENTRY BASIS POINTS BOND BONDS BROKERAGE BROKERAGE COMPANIES CAPITAL ADEQUACY CAPITAL ADEQUACY REQUIREMENTS CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CODE OF CONDUCT CODES OF CONDUCT COLLATERAL COLLECTIVE ACTION COLLECTIVE ACTION PROBLEMS CONFLICTS OF INTEREST CONTRACT PROVISIONS CORPORATE BONDS CORPORATE DEBT CREDIT ASSESSMENT CREDIT DECISIONS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT RATING CREDIT RATING AGENCIES CREDIT RATING AGENCY CREDIT RATINGS CREDIT RISK CREDIT UNDERWRITING CREDITWORTHINESS DEBT DEBT CRISES DEBT DEFAULTS DEBT INSTRUMENT DEBT ISSUE DEBT ISSUES DEBT MARKET DEBT OFFERING DEBT OFFERINGS DEBT RATINGS DEBT SECURITIES DEFAULTS DISCLOSURE OBLIGATIONS DISCLOSURE OF INFORMATION DISCLOSURE REQUIREMENTS DUE DILIGENCE ELIGIBLE INVESTMENTS EMERGING-MARKET ENFORCEMENT MECHANISM EQUITY ISSUES EQUITY MARKETS EQUITY SECURITIES EXCHANGE COMMISSION EXPLOITATION EXPOSURES EXTERNAL CREDIT FEDERAL RESERVE FINANCIAL ADVICE FINANCIAL CONTRACTS FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL PROBLEMS FINANCIAL REFORMS FINANCIAL RISK FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FINANCIAL SYSTEM FUNGIBLE GLOBAL BANKING GLOBAL FINANCIAL SYSTEM GLOBAL MARKET GOVERNANCE MECHANISMS GOVERNMENT REGULATION GROUP CREDIT GUARANTEE AGENCY HISTORICAL PERFORMANCE INFORMATION ASYMMETRIES INSTITUTIONAL INVESTORS INTERNATIONAL COOPERATION INTERNATIONAL MARKETS INTERNATIONAL SETTLEMENTS INVESTING INVESTMENT BANKS INVESTMENT DECISIONS INVESTMENT MANAGEMENT ISSUANCE JURISDICTIONS LEGAL AUTHORITY LENDERS LIABILITY MARKET ACCEPTANCE MARKET DISCIPLINE MARKET LIQUIDITY MARKET MANIPULATION MARKET PARTICIPANTS MARKET PRICES MARKET SHARE MARKET STRUCTURE MONEY MANAGERS MORTGAGE MORTGAGE LENDERS MORTGAGES MUTUAL FUNDS NEGOTIATIONS OLIGOPOLISTIC MARKET OLIGOPOLY POLICY RESPONSES PORTFOLIO PORTFOLIO MANAGERS PRICE VOLATILITY PRINCIPAL-AGENT PROBLEMS PRIVATE SECTOR DEVELOPMENT PROBABILITY OF DEFAULT PROFIT MARGIN PROFIT MARGINS PROFITABILITY PROSPECTUS PRUDENTIAL REGULATION PUBLIC DISCLOSURE PUBLIC DISCLOSURES PUBLIC INFORMATION PUBLIC POLICY RECORD KEEPING REGULATORY CAPITAL REGULATORY FRAMEWORK REGULATORY FRAMEWORKS REGULATORY POLICIES REGULATORY REFORMS REGULATORY REQUIREMENTS REGULATORY STANDARDS REGULATORY TREATMENT REPUTATION RISK OF DEFAULT RISK WEIGHTS S&P SALARIES SCANDALS SECURITIES SECURITIES COMMISSIONS SECURITIES INDUSTRY SECURITIES MARKETS SECURITIES REGULATORS SELF-REGULATION SHARE PRICE SOVEREIGN ISSUERS TIME HORIZON TRADING TRANSPARENCY TRANSPARENCY REQUIREMENTS TURNOVER UNDERLYING ASSETS UNDERWRITER UNDERWRITERS UNION Katz, Jonathan Salinas, Emanuel Stephanou, Constantinos Credit Rating Agencies |
| relation |
Crisis Response Note; No. 8 |
| description |
In the United States and Europe faulty
credit ratings and flawed rating processes are widely
perceived as being among the key contributors to the global
financial crisis. That has brought them under intense
scrutiny and led to proposals for radical reforms. The
ongoing debate, while centered in major developed markets,
will also influence policy choices in emerging economies:
whether to focus on strengthening the reliability of ratings
or on creating alternative mechanisms and institutions that
can perform more effectively the role that in developed
markets has traditionally been conferred on credit rating agencies. |
| format |
Publications & Research :: Brief |
| author |
Katz, Jonathan Salinas, Emanuel Stephanou, Constantinos |
| author_facet |
Katz, Jonathan Salinas, Emanuel Stephanou, Constantinos |
| author_sort |
Katz, Jonathan |
| title |
Credit Rating Agencies |
| title_short |
Credit Rating Agencies |
| title_full |
Credit Rating Agencies |
| title_fullStr |
Credit Rating Agencies |
| title_full_unstemmed |
Credit Rating Agencies |
| title_sort |
credit rating agencies |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/10/11800001/credit-rating-agencies http://hdl.handle.net/10986/10227 |
| _version_ |
1764412319087984640 |