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Introduction

In: Public Credit Rating Agencies

Author

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  • Susan K. Schroeder

Abstract

In the wake of the Global Financial Crisis (GFC), the rating industry has undergone renewed criticism of the roles it plays in the economies and financial systems of the global economy. The criticisms have, for the most part, focused on the agencies’ conduct, processes, market structure, and the use of ratings for regulatory purposes. These issues are thought to have a bearing on the quality of ratings, the product of the industry. The quality of ratings influences not only the pace of investment, but also the stability of financial markets. It is in the public’s interest to ensure that evaluations of creditworthiness by the agencies and other assessors are the best they can be. Are they?

Suggested Citation

  • Susan K. Schroeder, 2015. "Introduction," Palgrave Macmillan Books, in: Public Credit Rating Agencies, chapter 1, pages 1-7, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-35911-7_1
    DOI: 10.1057/9781137359117_1
    as

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