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Credit Rating Agencies by Dr. Giulia Mennillo (English) Hardcover Book

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Características del artículo

Estado
Nuevo: Libro nuevo, sin usar y sin leer, que está en perfecto estado; incluye todas las páginas sin ...
ISBN-13
9781788211925
Book Title
Credit Rating Agencies
ISBN
9781788211925

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Product Identifiers

Publisher
Agenda
ISBN-10
1788211928
ISBN-13
9781788211925
eBay Product ID (ePID)
16050085357

Product Key Features

Number of Pages
152 Pages
Language
English
Publication Name
Credit Rating Agencies
Publication Year
2022
Subject
Banks & Banking, Finance / General
Type
Textbook
Subject Area
Business & Economics
Author
Giulia Mennillo
Series
Finance Matters Ser.
Format
Hardcover

Dimensions

Item Height
0.6 in
Item Weight
23.5 Oz
Item Length
9 in
Item Width
6 in

Additional Product Features

Intended Audience
College Audience
LCCN
2021-386331
Dewey Edition
23
Illustrated
Yes
Dewey Decimal
332.178
Table Of Content
Introduction1. The "what" and the "who" about credit rating2. What do credit rating agencies do?3. The use of ratings4. CRAs under criticism5. Regulating the credit rating agencies6. Credit rating in ChinaConclusion
Synopsis
Credit rating agencies (CRAs) assess the creditworthiness of debt issuers on financial markets. They are private companies and the ratings they issue are judgements about the prospect of repayment of debt by an issuer in time and in full. A rating is not an investment recommendation, but it is an opinion about the creditworthiness of a financial product or an issuing bank, government, supra- or sub-national institution. In recent years CRAs have gained an authority in bond markets that far surpasses their original design. The financial crisis of 2008 thrust the CRAs into the spotlight as their highly rated financial products turned out to be toxic assets. CRAs were blamed not only for their excessively optimistic ratings, but also for their complicity in creating them. This short book introduces and explores the complex world of the credit rating industry: how it works, how it has evolved, the role it played in the financial crisis, and how it is regulated. Giulia Mennillo shows, as constitutive actors of global financial capitalism, CRAs have a social and political relevance that reaches well beyond finance into areas of transport, infrastructure, education and health and their impact is emblematic of the increasing financialization of our world., A critical introduction to the complex world of the credit rating industry: how it works, how it has evolved, the role it played in the financial crisis, and how it is regulated., This short book introduces and explores the complex world of the credit rating industry: how it works, how it has evolved, the role it played in the financial crisis, and how it is regulated. Giulia Mennillo shows, as constitutive actors of global financial capitalism, CRAs have a social and political relevance that reaches well beyond finance.
LC Classification Number
HG3751.5

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