IDEAS home Printed from https://ideas.repec.org/a/vrn/yrbook/y2021i1p153-202.html
   My bibliography  Save this article

The Credit Rating Agencies – Significance, Performance and Perspectives

Author

Listed:
  • Assoc. Prof. Dimitar Rafailov, PhD

    (University of Economics - Varna)

Abstract

Credit rating agencies are a key component of the financial infrastructure. This study examines trends in the activities of rating agencies after the past global financial crisis. It argues the essential importance of agencies for the functioning of credit markets, outlines the flaws that have emerged and discusses measures to overcome them. The analysis of credit rating agencies’ performance over the last decade found improvement in rating accuracy. The study propose directions for increasing the information content of ratings through changes in regulations and digitalization.

Suggested Citation

  • Assoc. Prof. Dimitar Rafailov, PhD, 2021. "The Credit Rating Agencies – Significance, Performance and Perspectives," An Annual Book of University of Economics - Varna, University of Economics - Varna, vol. 91(1), pages 153-202, January.
    • Handle: RePEc:vrn:yrbook:y:2021:i:1:p:153-202
    as

    Download full text from publisher

    File URL: https://godishnik.ue-varna.bg/uploads/20220117025500_104119103261e5834426978.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    rating agencies; credit ratings; regulation;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrn:yrbook:y:2021:i:1:p:153-202. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Radka Nacheva or Emilia Kirecheva (email available below). General contact details of provider: https://edirc.repec.org/data/uevarbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.