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The Rating Agencies and Their Credit Ratings: What They Are, How They Work,...
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eBay item number:235310158982
Item specifics
- Condition
- ISBN
- 9780470018002
- Publication Year
- 2009
- Type
- Textbook
- Format
- Hardcover
- Language
- English
- Publication Name
- The Rating Agencies and Their Credit Ratings: What They Are, How They Work, and Why They are Relevant
- Item Height
- 251mm
- Publisher
- John Wiley & Sons INC International Concepts
- Item Width
- 170mm
- Subject
- Finance
- Item Weight
- 1062g
- Number of Pages
- 524 Pages
About this product
Product Information
Credit rating agencies play a critical role in capital markets, guiding the asset allocation of institutional investors as private capital moves freely around the world in search of the best trade-off between risk and return. However, they have also been strongly criticised for failing to spot the Asian crisis in the early 1990s, the Enron, WorldCom and Parmalat collapses in the early 2000s and finally for their ratings of subprime-related structured finance instruments and their role in the current financial crisis. This book is a guide to ratings, the ratings industry and the mechanics and economics of obtaining a rating. It sheds light on the role that the agencies play in the international financial markets. It avoids the sensationalist approach often associated with studies of rating scandals and the financial crisis, and instead provides an objective and critical analysis of the business of ratings. The book will be of practical use to any individual who has to deal with ratings and the ratings industry in their day-to-day job. Reviews Rating agencies fulfil an important role in the capital markets, but given their power, they are frequently the object of criticism. Some of it is justified but most of it portrays a lack of understanding of their business. In their book The Rating Agencies and their Credit Ratings, Herwig and Patricia Langohr provide an excellent economic background to the role of rating agencies and also a thorough understanding of their business and the problems they face. I recommend this book to all those who have an interest in this somewhat arcane but extremely important area. -Robin Monro-Davies, Former CEO, Fitch Ratings. At a time of unprecedented public and political scrutiny of the effectiveness and indeed the basic business model of the Credit Rating industry, and heightened concerns regarding the transparency and accountability of the leading agencies, this book provides a commendably comprehensive overview, and should provide invaluable assistance in the ongoing debate. -Rupert Atkinson, Managing Director, Head of Credit Advisory Group, Morgan Stanley and member of the SIFMA Rating Agency Task Force The Langohrs have provided useful information in a field where one frequently finds only opinions or misconceptions. They supply a firm base from which to understand changes now underway. A well-read copy of this monograph should be close to the desk of every investor, issuer and financial regulator, legislator or commentator. -John Grout, Policy and Technical Director, The Association of Corporate Treasurers
Product Identifiers
Publisher
John Wiley & Sons INC International Concepts
ISBN-13
9780470018002
eBay Product ID (ePID)
89585952
Product Key Features
Publication Name
The Rating Agencies and Their Credit Ratings: What They Are, How They Work, and Why They are Relevant
Format
Hardcover
Language
English
Subject
Finance
Publication Year
2009
Type
Textbook
Number of Pages
524 Pages
Dimensions
Item Height
251mm
Item Width
170mm
Item Weight
1062g
Additional Product Features
Series Title
The Wiley Finance Series
Country/Region of Manufacture
United States
Item description from the seller
Business seller information
Waterstones Booksellers Ltd
Wordery Specialist
Waterstones
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London
London
W1J 9HD
United Kingdom
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- AU 300013695273
- CA 86820881RT0001
- CH 442275272
- GB 108277024
- NZ 130504191
Company registration number:
- 00610095
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Book is new and perfect. It's advertised as a hardback but I received a soft back. But I'm happy with what I received.
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Came brand new in cellophane. Very happy with my purchase. Thank you!
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Excellent seller and Brilliant Bible, if you’re looking for a fresh love for Gods word, this item makes an easy read, to soak in and gentle on the eyes ** I would highly recommend **