文章基本信息

标题：The role of rating agencies in international financial market
本地全文：下载
作者：Miricescu, Emilian-Constantin
期刊名称：Theoretical and Applied Economics
印刷版ISSN：1841-8678
电子版ISSN：1844-0029
出版年度：2015
卷号：XXII
期号：1(602), Spring
页码：227-232
出版社：Asociatia Generala a Economistilor din Romania - AGER
摘要：In the context of financial markets globalization, the role of rating agencies and credit ratings expanded sharply. Standard & Poor's awarded in the late 70’s ratings only for 12 countries and currently it assigned ratings for 129 countries. Global rating agencies Standard & Poor's, Moody’s and Fitch publish long term sovereign ratings and short term sovereign ratings. The role of sovereign ratings is the decrease of informational asymmetry between borrowers (countries) – acting as issuers and lenders – acting as investors. In this paper I will analyse sovereign rating definition and I will explain the importance of rating agencies.
关键词：sovereign rating; rating agency; financial market; informational asymmetry; globalization.