Description
| Summary: | Credit rating agencies play a critical role in capital markets, guiding the asset allocation of institutional investors as private capital moves freely around the world in search of the best trade-off between risk and return. However, they have also been strongly criticised for failing to spot the Asian crisis in the early 1990s, the Enron, WorldCom and Parmalat collapses in the early 2000s and finally for their ratings of subprime-related structured finance instruments and their role in the current financial crisis. This book is a guide to ratings, the ratings industry and the mechanics and e.
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| Physical Description: | 1 online resource (xiv, 510 pages) : illustrations |
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| Bibliography: | Includes bibliographical references and index. |
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| ISBN: | 9781119208785
1119208785
9780470714355
0470714352
9781282689633
1282689630
9786612689635
6612689633 |
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| Language: | English. |
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| Source of Description, Etc. Note: | Online resource; title from digital title page (viewed on November 29, 2021). |
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