- published: 08 Mar 2013
- views: 21911
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
"...apparently, uh, tying up six years of insurance payments in hopes of housing Armageddon is not a prudent investing." "...Okay. I want you to walk back in there and, very calmly and very politely, tell the risk assessors to **** off." "You are selling ratings for fees...Rating Shop." "If you can afford to make less, make less."
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.
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...
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...
What is a credit rating? Who gives credit ratings and who gets them? What is the difference between a rating for a bank and a country? We explain credit ratings in plain English, with diagrams to help. Visit www.gmi.co.nz for KiwiSaver news, New Zealand investment news, economics articles, global financial news and opinions from NZ industry leaders.
For more news visit ☛ http://english.ntdtv.com Follow us on Twitter ☛ http://twitter.com/NTDTelevision Add us on Facebook ☛ http://facebook.com/NTDTelevision A credit ratings agency has said that fraud accusations will likely continue against Chinese firms listed in foreign stock markets. This warning comes after a number of accounting scandals. Ratings agency Fitch warned in a report on Monday that Chinese companies will continue to be hit by fraud accusations. Fitch told the Associated Press, (quote) "Some of the accusations will be legitimate; some will be erroneous; many will be a mixture." Fitch says they're targeting Chinese companies for several reasons, including poor corporate governance and lack of transparency. Many overseas-listed Chinese companies have already...
The Committee will consider how accountable the major credit rating agencies are. CRAs rate bonds - government or corporate IOUs - to assess the likelihood of default. The three leading agencies are Standard & Poor's (S&P), Moody's and Fitch. 24 April 2012 BBC Parliament. - Moritz Kraemer, Sovereign Ratings Group, Standard & Poor's. - David Riley, Sovereign and Supranational Ratings, Fitch Ratings. - Alastair Wilson, Chief Credit Officer, Moody's.
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
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...
One of the world's leading credit-rating agencies has said that it may carry out an unprecedented mass downgrade of European countries if regional leaders fail to reach an agreement on how to solve the debt crisis in a summit later this week. The ratings agency Standard & Poor's on Monday placed the ratings of 15 eurozone countries, including top-rated Germany and France, on "credit watch negative," meaning they could be downgraded within three months. European leaders have hit back, with the head of the Eurozone finance ministers calling Standard and Poor's decision unfair and over the top. Paul Brennan reports from London.
A ratings agency with its origins in China, Dagong Europe, has had approval to operate in Europe. We speak to one of its senior executives, Marco Cecchi de'Rossi. Facebook shares got a 20% boost in after-hours trading following its second quarter results. In China, the government announces some targeted measures to help support growth. Watch France 24 business news with Matthew Warren. You are watching the latest business report from FRANCE 24. More business news on FRANCE 24: http://www.france24.com/en/business FRANCE 24 INTERNATIONAL NEWS 24/7 http://www.france24.com
Professor Timothy Sinclair, University of Warwick Getting credit ratings 'right' seems vitally important to many professional observers and politicians. The increasingly volatile nature of markets in a post-Bretton Woods world of international capital mobility has created a crisis in relations between the rating agencies and governments, which seek to monitor the performance of the agencies and stimulate 'reform' in their procedures and business models, even if the exact purpose of this reform seems to elude them. This process started with the Enron bankruptcy, but the subprime crisis has generated a veritable 'moral panic' about agency performance in relation to asset-backed securities. In pursuing improvement in the rating system policy-makers need to appreciate the limits to rating. Ou...