Public Credit Rating Agencies Increasing Capital Investment and Lend

In the aftermath of the Global Financial Crisis, there have been many criticisms weighed against private credit rating agencies. Many claim they only exacerbate financial market volatility by issuing faulty public statements, ratings warnings, and downgra

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10.1057/9781137359117 - Public Credit Rating Agencies, Susan K. Schroeder

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2016-03-06

Public Credit Rating Agencies

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10.1057/9781137359117 - Public Credit Rating Agencies, Susan K. Schroeder

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2016-03-06

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Increasing Capital Investment and Lending Stability in Volatile Markets

Susan K. Schroeder

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10.1057/9781137359117 - Public Credit Rating Agencies, Susan K. Schroeder

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2016-03-06

Pub l i c Cre d i t R at i n g Agen cies

public credit rating agencies

Copyright © Susan K. Schroeder, 2015. First published in 2015 by PALGRAVE MACMILLAN® in the United States—­a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978–1–137–36580–4 Library of Congress Cataloging-in-Publication Data Schroeder, Susan K.    Public credit rating agencies : increasing capital investment and lending stability in volatile markets / Susan K. Schroeder.     pages cm    Includes bibliographical references and index.    ISBN 978–1–137–36580–4 (hardback : alk. paper)    1. Credit bureaus. 2. Capital investments. 3. Business cycles. I. Title.

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HG3751.5.S37 2015 3329.0415—dc23

2015009602

A catalogue record of the book is available from the British Library. Design by Newgen Knowledge Works (P) Ltd., Chennai, India. First edition: September 2015 10  9  8  7  6  5  4  3  2  1

10.1057/9781137359117 - Public Credit Rating Agencies, Susan K. Schroeder

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2016-03-06

All rights reserved.

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10.1057/9781137359117 - Public Credit Rating Agencies, Susan K. Schroeder

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2016-03-06

To the memory of my dad David W. Schroeder Sr.

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10.1057/9781137359117 - Public Credit Rating Agencies, Susan K. Schroeder

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2016-03-06

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List of Figures and Tables

ix

Preface

xi

1 Introduc