Rating Agency, Financial analysis, market

Issues Relating to Credit Rating Agencies

Understanding the Often-Unsatisfactory Behavior of The Rating Agencies The evidence that emerges from the analyses can lead, more than understandably, to the formation of a negative concept about the agencies, but above all, they weaken those certainties that lead to consider these organizations, essential for the proper functioning of the market. The birth of these


Rating Agencies in a Financial Crisis Approach

Introduction According to the thought of Himan Minsky, an American economist belonging to the Keinian doctrine, who died in 1996, in periods of expansion, when the cash flow of the enterprises exceeds the quota necessary to pay the debts, a speculative euphoria develops. At the origin of the crises there is a displacement, that is,

Systemic Rating

Ratings and Crisis

Introduction Rating Agencies have become increasingly important over the decades, slowly but surely penetrating the “market” system and strongly influencing it. Their importance has increased exponentially since the Eighties, as the development of financial markets reinforced the need for investors to have external support such as Ratings for the need to perceive the size of