Véron, Nicolas; Wolff, Guntram B. - Bruegel - 2011
Credit rating agencies (CRAs) have not consistently met the expectations placed on them by investors and policymakers … a good alternative because of inherent conflicts of interest. The notion of risk-free sovereign bonds is challenged by … the CRAsâ?? regulatory environment, in a context of high market uncertainty, may add to market stress. The role of credit …