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...
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General Association of Economists from Romania
2015-03-01
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| Series: | Theoretical and Applied Economics |
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http://store.ectap.ro/articole/1068.pdf
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doaj-40c496baafd54fe0bfec45b604c5539e2020-11-24T23:17:07ZengGeneral 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 |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Emilian-Constantin MIRICESCU |
| 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 |
| author_facet |
Emilian-Constantin MIRICESCU |
| author_sort |
Emilian-Constantin MIRICESCU |
| title |
The role of rating agencies in international financial market |
| title_short |
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_sort |
role of rating agencies in international financial market |
| publisher |
General Association of Economists from Romania |
| series |
Theoretical and Applied Economics |
| issn |
1841-8678 1844-0029 |
| publishDate |
2015-03-01 |
| 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. |
| 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 |
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1725584730922942464 |