The Ratings Game Fight Hardback John Wiley & Sons 9780471491347

The Ratings GameAuthor(s): Andrew Fight\nFormat: Hardback\nPublisher: John Wiley & Sons Inc, United States\nImprint: John Wiley & Sons Inc\nISBN-13: 9780471491347, 978-0471491347\nSynopsis\nWhat are credit rating agencies? Many people paying for ratings andratings reports do not fully understand what they are buying andhow these agencies really work. Ratings agencies wield immensepower over the fate of individual corporations, countries, andwhole economies, yet their workings are remarkably opaque. Manyevents over the past decade, such as the Asian crisis and thedemise of certain financial institutions have highlighted some ofthe limitations of ratings agencies, and raised questions as totheir accountability and the level of service they provide. In this comprehensive account of the workings of the ratingagencies,Andrew Fight explains the role played by ratings agencies,how ratings are obtained, the methodologies through whichorganisations are assessed and the wider consequen.