Credit rating agencies: role and regulation

23-09-2011

Credit rating agencies have existed for over a century, giving opinions on the creditworthiness of public and private bond issues. A few agencies dominate the global market today. The regulation of these agencies has only started.

Credit rating agencies have existed for over a century, giving opinions on the creditworthiness of public and private bond issues. A few agencies dominate the global market today. The regulation of these agencies has only started.