Present and Future Position of Credit Rating

• Authors: Danuta Dziawgo
• Languages of publication: EN

Abstracts

EN

The aim of the elaboration is to draw attention to selected aspects of credit rating. For that reason, comparison and induction methods were used. The article deals with credit rating and its present importance for the financial market. On that basis, possible scenarios for credit rating importance in the future will be analysed. Nowadays, the credit rating system and credit rating agencies’ behaviour and work quality are discussed worldwide. Therefore, the article can be seen as a voice in the discussion about future architecture of financial market and safety system net.

Keywords

EN

credit rating; risk; global financial market

• Publisher: Sciendo
• Journal: Folia Oeconomica Stetinensia
• Year: 2012
• Volume: 12
• Issue: 2
• Pages: 160-174

Dates

published

2012-12-01

online

2013-07-30

Contributors

author

Danuta Dziawgo

• Nicolaus Copernicus University Faculty of Economic Sciences and Management Department of Accounting Gagarina 13a, 87-100 Toruń, Poland

References

• Altman, E. & Saunders, A. (2000). An Analysis and Critique of the BIS Proposal on CapitalAdequacy and Ratings, January, www.stern.nyu.edu/-ealtman/bis.pdf.
• Cantor, R. & Packer, F. (1995), The Credit-Rating Industry. The Journal of Fixed Income, December. Congressional Promulgation of the Financial Institutions Recovery and Reform Act of 1989, United States Securities and Exchange Commission.
• Credit ratings and complimentary sources of credit quality information (2000). A. Estrella (Ed.), BCBS Working Paper No. 3, August.
• Danielsson, J., Shin, H.S. & Zigrand, J.-P. (2002). The impact of risk regulation on price dynamics. London Stock Exchange, London: FMG.
• Dziawgo, D. (2010). Credit rating na rynku finansowym. Warsaw: PWE.
• Dziawgo, L. (2010). Zielony rynek finansowy. Ekologiczna ewolucja rynku finansowego. Warsaw: PWE.
• Dziawgo, L. (2011). Współczesny biznes bankowy - patologiczne otoczenie, „ekonomia polityczna” orazład monetarno-instytucjonalny rynku finansowego jako zagrożenie dla bankowości. Bezpieczny Bank No. 3.
• de Haan, J., Amtenbrink, F. (2011). Credit rating agencies. DNB Working Paper No. 278.
• Monfort, B. & Mulder, C. (2000). Using credit-ratings for capital requirements on lending toemerging market economies: possible impact of a new Basel Accord. IMF Working Paper No. WP/00/69.
• Moody’s Investors Service materials.
• Ward, J. (2002). The New Basel Accord and Developing Countries: Problems and Alternatives.
• Working Paper No. 4, Cambridge University, Cambridge.

Identifiers

DOI

10.2478/v10031-012-0026-5