An Assessment of the Credit Rating Agencies: Background, Analysis, and Policy

68 Pages Posted: 12 Jul 2018

See all articles by Lawrence J. White

Lawrence J. White

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics

Date Written: 09/10/2013

Abstract

The major credit rating agencies (CRAs)?Moody's, Standard & Poor's (S&P), and Fitch?continue to attract considerable media and public-policy attention; most recently S&P was the target of a lawsuit by the US government. This essay will provide an overview and assessment of the CRAs: what they are; what they do; why they have been so central to the bond markets; their role in the financial crisis of 2008?2009; and the appropriate public-policy measures for them going forward.

Suggested Citation

White, Lawrence J., An Assessment of the Credit Rating Agencies: Background, Analysis, and Policy (09/10/2013). MERCATUS WORKING PAPER. Available at SSRN: https://ssrn.com/abstract=3211632 or http://dx.doi.org/10.2139/ssrn.3211632

Lawrence J. White (Contact Author)

New York University (NYU) - Leonard N. Stern School of Business, Department of Economics ( email )

44 West 4th Street
Suite 9-160
New York, NY NY 10012
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
23
Abstract Views
154
PlumX Metrics