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Three Letters that Move the Markets: Credit Ratings between Market Information and Legal Regulation

Schroeter, Ulrich G.. (2011) Three Letters that Move the Markets: Credit Ratings between Market Information and Legal Regulation. Journal of Applied Research in Accounting and Finance, 6 (1). pp. 14-30.

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Abstract

As demonstrated by the market reactions to downgrades of various sovereign credit ratings in 2011, the credit rating agencies occupy an important role in today’s globalized financial markets. This article provides an overview of the central characteristics of credit ratings and discusses risks arising from both their widespread use as market information and from the increasing references to credit ratings contained in laws, legal regulations and private contracts.
Faculties and Departments:02 Faculty of Law > Departement Rechtswissenschaften > Fachbereich Privatrecht > Professur für Privatrecht (Schroeter)
UniBasel Contributors:Schroeter, Ulrich G.
Item Type:Article
Article Subtype:Research Article
Publisher:University of Sydney
ISSN:1834-2582
e-ISSN:1834-2590
Note:Publication type according to Uni Basel Research Database: Journal article
Language:English
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Last Modified:10 Nov 2017 08:21
Deposited On:10 Nov 2017 08:21

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