عنوان

The rating agencies and their credit ratings :

(Number (ISBN

0470714352

(Number (ISBN

1119208785

(Number (ISBN

1282689630

(Number (ISBN

6612689633

(Number (ISBN

9780470714355

(Number (ISBN

9781119208785

(Number (ISBN

9781282689633

(Number (ISBN

9786612689635

Erroneous ISBN

0470018003

Erroneous ISBN

9780470018002

Number

b767247

Title Proper

The rating agencies and their credit ratings :

General Material Designation

[Book]

Other Title Information

what they are, how they work and why they are relevant /

First Statement of Responsibility

Herwig M. Langohr and Patricia T. Langohr.

Place of Publication, Distribution, etc.

Hoboken, N.J. :

Name of Publisher, Distributor, etc.

Wiley,

Date of Publication, Distribution, etc.

©2008.

Specific Material Designation and Extent of Item

1 online resource (xiv, 510 pages) :

Other Physical Details

illustrations

Series Title

Wiley finance series

Text of Note

Includes bibliographical references and index.

Text of Note

ForewordPreface1 Introduction1.1 Context and Premises1.2 Book Chapters1.3 Supporting MaterialsPART A: CREDIT RATING FOUNDATIONS2 Credit Ratings2.1 The World of Corporate Defaults2.2 Credit Rating Scales2.3 The Interpretation of Credit Ratings2.4 Credit Ratings: Summary and Conclusions3 The 'Raison d'Etre' of Credit Ratings and Their Market3.1 Needs for Credit Ratings -- or the Demand Side of Ratings3.2 Credit Ratings as a Solution to Information Asymmetry: Economic Analysis. 3.3 Credit Rating Segments -- or Scale and Scope of the Rated Universe. 4 How to Obtain and Maintain a Credit Rating4.1 The Rating Preparation4.2 The Rating4.3 Quality of the Rating ProcessPART B: CREDIT RATING ANALYSIS5 The France Telecom Credit Rating Cycle5.1 From Sovereign Status to Near Speculative Grade5.2 Turning Point and Rating Recovery (Fall 2002-Winter 2004)5.3 Analysis and Evaluation6 Credit Rating Analysis6.1 Fundamental Corporate Credit Ratings6.2 Corporate Ratings Implied by Market Data6.3 Special Sector Ratings6.4 Technical Appendix7 Credit Rating Performance7.1 Relevance: Ratings and Value. 7.2 Preventing Surprise in Defaults: Rating Accuracy and Stability7.3 Efficiency Enhancement: Stabilization in Times of CrisisPART C: THE CREDIT RATING BUSINESS8 The Credit Rating Industry8.1 The Rise of the Credit Rating Agencies8.2 Industry Specifics and How they Affect Competition8.3 Industry Performance9 Regulatory Oversight of the Credit Rating Industry9.1 The Regulatory Uses of Ratings9.2 The Regulation of the Industry9.3 Analysis and Evaluation10 Summary and Conclusions10.1 The Rating Agencies Value Added10.2 The Challenges Rating Agencies Face Today10.3 Concluding ThoughtsReferencesIndex.

0

Text of Note

Credit rating agencies play a critical role in capital markets, guiding the asset allocation of institutional investors as private capital moves freely around the world in search of the best trade-off between risk and return. However, they have also been strongly criticised for failing to spot the Asian crisis in the early 1990s, the Enron, WorldCom and Parmalat collapses in the early 2000s and finally for their ratings of subprime-related structured finance instruments and their role in the current financial crisis. This book is a guide to ratings, the ratings industry and the mechanics and e.

Source for Acquisition/Subscription Address

OverDrive, Inc.

Stock Number

B6DF5CAD-5357-4FA9-B582-F30F59D368F1

Title

Rating agencies and their credit ratings.

International Standard Book Number

9780470018002

Credit bureaus.

Credit ratings.

BUSINESS & ECONOMICS-- Finance.

Credit bureaus.

Credit ratings.

BUS-- 027000

Number

Edition

Class number

Book number

Langohr, Herwig M.

Langohr, Patricia T.

Date of Transaction

20201206122844.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y