The role of rating agencies in international financial market
In the context of financial markets globalization, the role of rating agencies and credit ratings expanded sharply. Standard & Poor’s awarded in the late 70’s ratings only for 12 countries and currently it assigned ratings for 129 countries. Global rating agencies Standard & Poor’s, Moody’s...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2015-03-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1068.pdf
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| _version_ | 1828434889409560576 |
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| author | Emilian-Constantin MIRICESCU |
| author_facet | Emilian-Constantin MIRICESCU |
| author_sort | Emilian-Constantin MIRICESCU |
| collection | DOAJ |
| description | In the context of financial markets globalization, the role of rating agencies and
credit ratings expanded sharply. Standard & Poor’s awarded in the late 70’s ratings only
for 12 countries and currently it assigned ratings for 129 countries. Global rating agencies
Standard & Poor’s, Moody’s and Fitch publish long term sovereign ratings and short term
sovereign ratings. The role of sovereign ratings is the decrease of informational asymmetry
between borrowers (countries) – acting as issuers and lenders – acting as investors. In this
paper I will analyse sovereign rating definition and I will explain the importance of rating
agencies. |
| first_indexed | 2024-12-10T18:56:50Z |
| format | Article |
| id | doaj.art-40c496baafd54fe0bfec45b604c5539e |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-10T18:56:50Z |
| publishDate | 2015-03-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-40c496baafd54fe0bfec45b604c5539e2022-12-22T01:37:07ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292015-03-01XXII122723218418678The role of rating agencies in international financial marketEmilian-Constantin MIRICESCU0 Bucharest University of Economic Studies, Romania In the context of financial markets globalization, the role of rating agencies and credit ratings expanded sharply. Standard & Poor’s awarded in the late 70’s ratings only for 12 countries and currently it assigned ratings for 129 countries. Global rating agencies Standard & Poor’s, Moody’s and Fitch publish long term sovereign ratings and short term sovereign ratings. The role of sovereign ratings is the decrease of informational asymmetry between borrowers (countries) – acting as issuers and lenders – acting as investors. In this paper I will analyse sovereign rating definition and I will explain the importance of rating agencies. http://store.ectap.ro/articole/1068.pdf sovereign ratingrating agencyfinancial marketinformational asymmetryglobalization |
| spellingShingle | Emilian-Constantin MIRICESCU The role of rating agencies in international financial market Theoretical and Applied Economics sovereign rating rating agency financial market informational asymmetry globalization |
| title | The role of rating agencies in international financial market |
| title_full | The role of rating agencies in international financial market |
| title_fullStr | The role of rating agencies in international financial market |
| title_full_unstemmed | The role of rating agencies in international financial market |
| title_short | The role of rating agencies in international financial market |
| title_sort | role of rating agencies in international financial market |
| topic | sovereign rating rating agency financial market informational asymmetry globalization |
| url |
http://store.ectap.ro/articole/1068.pdf
|
| work_keys_str_mv | AT emilianconstantinmiricescu theroleofratingagenciesininternationalfinancialmarket AT emilianconstantinmiricescu roleofratingagenciesininternationalfinancialmarket |