Credit Rating Agencies: An Overview

被引：32
|
作者：
White, Lawrence J. [1 ]
机构：
[1] NYU, Kaufman Management Ctr, Stern Sch Business, New York, NY 10012 USA
来源：
ANNUAL REVIEW OF FINANCIAL ECONOMICS, VOL 5 | 2013年 / 5卷
关键词：
credit rating agencies; nationally recognized statistical rating organization (NRSRO); financial regulation; financial crisis; Dodd-Frank Act; INFORMATION; MARKETS; CYCLE; ECONOMICS; QUALITY; DEBT;
D O I：
10.1146/annurev-financial-110112-120942
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
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 during the past decade, especially with respect to their role in the financial crisis of 2008-2009 and their role in the more recent Eurozone difficulties. This article provides an overview of the CRAs: who they are, what they do, how their centrality to the financial markets came about, what their role in the financial crisis was, and the important aspects of the policy measures that have affected the CRAs.
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页码：93 / 122
页数：30
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