TITLE

RATING OR LOTTO?

AUTHOR(S)
Hodge, Neil
PUB. DATE
October 2008
SOURCE
Financial Management;Oct2008, p18
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article focuses on the role of credit rating agencies in the 2008 financial crisis. It explains that credit rating agencies initially did not receive blame in the credit crisis but as the crisis deepens their role is being investigated. It is only proper the credit rating agencies be investigated for their role in the crisis because they are supposed to measure the creditworthiness of organisations issuing debt instruments. It questions credit rating agencies in their rating of collateralised debt obligations (CDOs) because they are being paid by companies they rate. It also questions the reliability of the rating methods and category system used by agencies for CDOs
ACCESSION #
37289755

 

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