Credit Rating Agency

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A Credit Rating Agency is a Company that ...



References

2024

  1. A debt instrument is any type of documented financial obligation. A debt instrument makes it possible to transfer the ownership of debt so it can be traded. (source: wisegeek.com)
  2. For example, in the US, a state government which shares the credit responsibility for a Municipal bond issued by a municipal government entities but under the control of that state government entity. (source: Campbell R. Harvey's Hypertextual Finance Glossary)
  3. $300 billion collateralized debt obligations (CDOs) issued in 2005-2007 (over half of the CDOs by value during time period) that rating agencies gave their highest "triple-A" rating to, were written down to "junk" by the end of 2009. (source: )
  4. McLean, Bethany and Joe Nocera. All the Devils Are Here: The Hidden History of the Financial Crisis, Portfolio, Penguin, 2010 (p.111)