IDEAS home Printed from https://ideas.repec.org/h/pal/psifcp/978-3-030-03709-3_3.html
   My bibliography  Save this book chapter

The Role of the Credit Rating Agencies

In: The Role of Credit Rating Agencies in Responsible Finance

Author

Listed:
  • Daniel Cash

    (Aston University)

Abstract

After having discussed the complexities of the ‘Responsible Investing’ sector, this chapter turns the work’s attention to the second objective of the work, which is to examine the Credit Rating Industry. The chapter will analyse how the credit rating agencies (CRAs) are incorporating ‘Environmental, Social, and Governance’ (ESG) into their credit risk analyses. This is an important phase in the trajectory of both the CRAs and the Responsible Finance movement, so the chapter will present a highly critical analysis of development in this area. The chapter will examine the perspective of the PRI itself, via its ‘ESG in Credit Ratings Initiative’, and develops a ‘three-way narrative’ that presents the idea that this area is dominated by a three-way dynamic between investors, CRAs, and the PRI.

Suggested Citation

  • Daniel Cash, 2018. "The Role of the Credit Rating Agencies," Palgrave Studies in Impact Finance, in: The Role of Credit Rating Agencies in Responsible Finance, chapter 0, pages 45-74, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-03709-3_3
    DOI: 10.1007/978-3-030-03709-3_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:pal:psifcp:978-3-030-03709-3_3. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.