The role of credit rating agencies in responsible finance /
General Material Designation
[Book]
First Statement of Responsibility
Daniel Cash.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
Cham, Switzerland :
Name of Publisher, Distributor, etc.
Palgrave MacMillan,
Date of Publication, Distribution, etc.
[2018]
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
1 online resource.
SERIES
Series Title
Palgrave Pivot
Series Title
Palgrave studies in impact finance
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references and index.
CONTENTS NOTE
Text of Note
Chapter 1. Introduction -- Chapter 2. "Setting the Scene" -- Chapter 3. The Role of the Credit Rating Agencies -- Chapter 4. "Disconnects" -- Chapter 5. The Future for the Relationship -- Chapter 6. Conclusion.
0
SUMMARY OR ABSTRACT
Text of Note
This Palgrave Pivot aims to examine the bourgeoning relationship between the Principles for Responsible Investment and the Credit Rating Industry. Since May of 2016, when the partnership was initially publicised, the PRI have endeavoured to incorporate Credit Rating Agencies into its initiative via its 'ESG in Credit Ratings Initiative', and have been working diligently to find, and create common ground between Credit Rating Agencies and Institutional Investors seeking to be more forward-looking in their investment approaches. However, in recent years the 'Big Two' Credit Rating Agencies - Standard & Poor's and Moody's - have finally received record fines for their conduct in the run-up to the Financial Crisis. There is a need, then, to examine the incorporation of the Credit Rating Agencies into such a progressive initiative. To achieve this objective, this book examines the field of 'responsible investing', the credit rating industry, and the power dynamic that exists between the rating industry, investors, and the PRI (via its 'Initiative').--