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The Tyranny of International Credit Rating Agencies (ICRAs)
This chapter focuses on the biases and contradictions associated with the operations of the international credit rating agencies in Africa. It argues...
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The Role of Rating Agencies: Implications for the Financial System and Central Banks’ Efforts to Reduce their Reliance
The financial crises of 2008 and 2010–11 have led regulators to seek ways to reduce mechanistic reliance on rating agencies: rating actions, and in...
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Does reputational capital affect credit rating agencies?: empirical evidence from a natural experiment in China
The subprime mortgage crisis of 2007–2008 has led major economies to reform their credit rating regulations, and China is not an exception. This...
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The impact of working capital management on credit rating
This study investigates the possible nonlinear relationship between working capital and credit rating. Furthermore, it examines the relationship...
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Compensation reform analysis on inflated credit rating attenuation
This study investigates the impact of compensation schemes on the decisions of a credit rating agencies (CRA) regarding how much effort to exert when...
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ESG Ratings Agencies: The Emerging Power
The bourgeoning field of ‘ESG Ratings’ is at a crossroad in its development. Facing regulation for the first time, the utility of the service is...
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Credit Rating of Chinese Companies Based on XGBoost Model
With the outbreak of the COVID-19 epidemic, the global economy is on the downswing and the credit crisis is coming. In order to prevent credit risk...
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Detecting conflicts of interest in credit rating changes: a distribution dynamics approach
In this study, we compare the adjustments of credit ratings by an investor-paid credit rating agency (CRA), represented by Egan-Jones Ratings...
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Failures in Risk Modelling and Rating Securitized Products
Chapter 27 of the Stage 2 Key Code and Advanced Handbook for the governance of Australian major banks examines failures in risk modelling and rating...
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Credit Rating Agency’s Response to Covid-19 by Logical Analysis of Data
Credit Rating Agencies (CRA’s) assess the potential payment of an issuer on a financial obligation, and credit rating (CR), as a symbolic indicator...
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Sovereign Ratings
The chapter analyses the sovereign rating methodologies of DBRS, Fitch, Moody’s, and S&P. As a case study, we also replicate the four agencies’ model...
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Climate change, ESG criteria and recent regulation: challenges and opportunities
The application of environmental, social and governance (ESG) criteria has now become a more than essential requirement in the financial world....
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Credit: Rating Agencies
Credit rating agencies (CRAs) are pivotal players in financial markets, and in fact their conduct has attracted the attention of scholars, media, and...
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The Role of Multilateral Agencies and Development Banks
This chapter concentrates on multilateral and development agencies, either located in Africa or pursing activities in the continent. The main...
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Estimating the effects of ESG scores on corporate credit ratings using multivariate ordinal logit regression
We estimated the effects of Environmental, Social, and Governance (ESG) scores on the credit ratings of firms in the sectors of manufacturing, mining...
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Designing and Reporting ESG Disclosures
In this chapter, we take the reader through the practical design and application of ESG reporting. We explain concepts that are essential and...
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