Credit Rating Agencies (CRAs) are prominent participants in the assessment of credit risk by financial markets. They determine and publish credit ratings, which represent the CRA’s opinions on issuers’ relative prob...Credit Rating Agencies (CRAs) are prominent participants in the assessment of credit risk by financial markets. They determine and publish credit ratings, which represent the CRA’s opinions on issuers’ relative probability of default. The market for credit ratings is currently dominated in most western countries by three players:展开更多
文摘Credit Rating Agencies (CRAs) are prominent participants in the assessment of credit risk by financial markets. They determine and publish credit ratings, which represent the CRA’s opinions on issuers’ relative probability of default. The market for credit ratings is currently dominated in most western countries by three players:
