- published: 08 Mar 2013
- views: 20235
The film introduces into the activity of rating agencies and their growing importance for developing countries.
Italy is firmly back in the firing line of the eurozone debt crisis after credit ratings agency Moody's delivered a stinging downgrade to Baa2 from A3, saying Rome was now "more likely to experience a further sharp increase in its funding costs or the loss of market access" for borrowing. Credit ratings agencies and how they operate.
The big short 2015
On Aug. 5, America's credit rating was cut from AAA to a AA+ by the ratings agency Standard & Poor's. The following Monday, the Dow Jones Industrials Average fell more than five percent. That's got people wondering exactly what a ratings agency is, and why it's so powerful. Senior Editor Paddy Hirsch explains.
What is CREDIT RATING AGENCY? What does CREDIT RATING AGENCY mean? CREDIT RATING AGENCY meaning - CREDIT RATING AGENCY definition - CREDIT RATING AGENCY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely interest payments and the likelihood of default. An agency may rate the creditworthiness of issuers of debt obligations, of debt instruments, and in some cases, of the servicers of the underlying debt, but not of individual consumers. The debt instruments rated by CRAs include government bonds, corporate bonds, CDs, municipal bonds, preferred stock, and collate...
Credit Rating Agencies and the Financial Crisis (Part 1 of 2) - Committee on Oversight and Government Reform - Tape Deck 01 - 2008-10-22 - The Committee held a hearing titled, "Credit Rating Agencies and the Financial Crisis" on Wednesday, October 22, 2008, in 2154 Rayburn House Office Building. The hearing examined the actions of the three largest credit rating agencies, Standard and Poor's, Moody's Corporation, and Fitch Ratings, leading up to the current financial crisis. Video provided by the U.S. House of Representatives.
A credit rating agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations as well as the debt instruments themselves. In some cases, the servicers of the underlying debt are also given ratings. More on Buffett: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=22f3a19f1003df6e04ad734879f32fb7&camp=1789&creative=9325&index=books&keywords=warren%20buffett In most cases, the issuers of securities are companies, special purpose entities, state and local governments, non-profit organizations, or national governments issuing debt-like securities (i.e., bonds) that can be traded on a secondary market. A credit rating for an issuer takes into consideration the issuer's credit worthiness (i.e., its ability to pay back a loan), a...
An international credit rating agency has downgraded South Africa to junk status, following the country's controversial cabinet shake-up last Friday. Standard and Poor’s cut the African nation’s sovereign credit rating by one notch to BBPlus. The agency says the changes by President Jacob Zuma have jeopardized South Africa’s economic prospects. Responding to the downgrade, South Africa's Treasury has said in a statement that it is committed to a predictable and consistent fiscal path. The county’s currency has already fallen three percent against the US dollar since the shake-up, and the downgrade caused further currency devaluation. Zuma has been slammed for replacing eleven of his cabinet members in a major reshuffle, with opposition parties promising a motion of no confidence against h...
They downgraded the US and added theatrics to the debt ceiling debate - but who are these ratings agencies? They seem to wield immense power and influence over the global economy - a mere warning from one of them can rock markets, influence the debate by governments, with ripple effects that trickle down to individual citizens. But whose interests do they really serve? And does their track record prove they may deserve a downgrade. Follow Lauren on Twitter: http://twitter.com/LaurenLyster
http://www.thesoapboxroadshow.com/ Introductory Statement by Chairman Carl Levin - From Senate Committee hearings. The credit rating agencies are; Moody's, Standard and Poors, and Fitch....QUOTE: "Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn M.D., R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, today released a 635-page final report (PDF, 6MB) on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of federal oversight that helped push the country into the deepest recession since the Great Depression." http://levin.senate.gov/newsroom/supporting/2011/PSI_WallStreetCrisis_041311.pdf