Ratings as Measure of Financial Risk: Evolution, Function and Usage

The rating agencies were emerged by the demand from market economy. Such agencies take the job of independent evaluation of the firms' financial strength, which allow firms decrease their expenses on their own market monitoring. It is extremely important with increasing number of potential business partners. The paper discusses history of rating business, methods of assigning ratings, rating classification, function and the directions of use.

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Year of publication:	2009
Authors:	Karminsky, Alexandr ; Peresetsky, Anatoly
Published in:	Journal of the New Economic Association. - New Economic Association - NEA. - 2009, 1-2, p. 86-102
Publisher:	New Economic Association - NEA
Subject:	Ratings \| rating agencies \| risk evaluation

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Extent:	application/pdf
Type of publication:	Article
Language:	Russian
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; G32 - Financing Policy; Capital and Ownership Structure ; G24 - Investment Banking; Venture Capital; Brokerage
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008526693