Public Credit Rating Agencies: Increasing Capital Investment and Lending Stability in Volatile Markets

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In the aftermath of the Global Financial Crisis, there have been many criticisms weighed against private credit rating agencies. Many claim they only exacerbate financial market volatility by issuing faulty public statements, ratings warnings, and downgrades. This instability increases the uncertainty in business environments and weakens the pace of business investment. Their rating changes also prompt national governments to reduce their spending at a time when fiscal expenditures are crucial for economic recovery. ...

Public Credit Rating Agencies: Increasing Capital Investment and Lending Stability in Volatile Markets 2015, Palgrave Macmillan, Basingstoke

ISBN-13: 9781137365804

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