Description
Book SynopsisInvestors and ratings agencies have been caught by surprise by the wave of recent bank failures and closures in Europe and Asia. This book addresses this issue by explaining why ratings exist, the history of ratings and the background of the ratings process.
Trade Review"The book deals admirably with these problems, explaining thedebates involved and detailing ratings companies' excuses with theright level of cynicism." (Investment Adviser, 19th February2001)
"...This is a comprehensive guide to ratings agencies."(Portfolio International, February 2001)
Table of ContentsPreface.
The World of Ratings.
The Rating Agencies.
Methodologies and Characteristics.
Rating Agencies in the Economic Environment.
Quis Custodiet Ipsos Custodes.
The Future.
Glossary.
Sources.
Index.
