Publication: Credit Rating Agencies
Date
2009-10
ISSN
Published
2009-10
Author(s)
Katz, Jonathan
Salinas, Emanuel
Stephanou, Constantinos
Abstract
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.
Citation
“Katz, Jonathan; Salinas, Emanuel; Stephanou, Constantinos. 2009. Credit Rating Agencies. Crisis Response Note; No. 8. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/e24dff43-7b24-51ba-898c-996fd5aefd33 License: CC BY 3.0 IGO.”