The International Non-Profit Credit Rating Agency: The Viability of a Response
Daniel Cash 'The International Non-Profit Credit Rating Industry' (2016) 37 The Company Lawyer 6
20 Pages Posted: 30 Jun 2016
Date Written: June 26, 2016
The International Non-Profit Credit Rating Agency (INCRA) is an attempt to alter the way in which the economy approaches the rating of debt. By advancing a non-profit ideal, based upon long-term considerations, the agency hopes to penetrate an industry that has been widely recognised as being culpable in the creation of the Financial Crisis of 2008. Yet this project is in its infancy. This article is therefore an attempt to detail what the INCRA project is and what it hopes to do. Once these aspects have been established, the article offers a potential regulatory avenue that may assist the Bertelsmann Foundation with having its aim of establishing the INCRA project realised.
Keywords: Credit Rating Agencies, Non-Profit Sector, Financial Regulation
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