The Analysis of Credit Rating Institutions in Financial Crisis

DOI

10.2991/assehr.k.200428.136How to use a DOI?

Keywords

credit rating agency, financial crisis, grading

Abstract

This paper mainly describes the function of credit rating agencies and their impact on the capital market, as well as the role of credit rating agencies in the financial crisis. This paper makes a series of investigations on the failure of credit rating agencies to make full use of the early warning function of credit rating, and puts forward three problems of credit rating agencies, including improper handling of conflicts of interest in rating business, poor rating quality, and lack of transparency in the operation of credit rating agencies. The lack of transparency in the internal process and content of rating, the lack of comparable data between the rating of undifferentiated structured goods and traditional goods, and the lack of comparable data on the operation performance of credit rating agencies are the reasons for the lack of transparency in the operation of credit rating agencies, as well as the important reasons for the financial storm.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Pan Xiaodie
AU  - Lu Cai
PY  - 2020
DA  - 2020/05/01
TI  - The Analysis of Credit Rating Institutions in Financial Crisis
BT  - Proceedings of the 6th International Conference on Humanities and Social Science Research (ICHSSR 2020)
PB  - Atlantis Press
SP  - 624
EP  - 626
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200428.136
DO  - 10.2991/assehr.k.200428.136
ID  - Xiaodie2020
ER  -