Research and Markets: Understanding and Managing the Credit Rating Agencies
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mklbbv/understanding_and) has announced the addition of the "Understanding and Managing the Credit Rating Agencies" book to their offering.
“Understanding and Managing the Credit Rating Agencies”
This brand new book offers insight from a senior practitioner inside the credit rating agency world. It is a unique first-time explanation of the business and inner workings of the credit ratings industry.
The book opens up previously undisclosed areas of information that will make issuers smarter participants in the ratings game. It will help them achieve their "optimal" rating by becoming familiar with the layout of the pitch, by learning how the agencies think and operate, how their business principles guide their processes, and the role of information asymmetry and secrecy. Without understanding the rating agencies' goals, assumptions and processes, an issuer's rating will not be optimal, and cost-effective funding may not be achieved.
The three major international rating agencies, Moody's Investors Service, Standard & Poor's Ratings Services and Fitch Ratings, dominate the credit ratings business around the world. Given their many decades of experience, the agencies believe their set of rating procedures and methodologies are the best way to assess credit risk. They hold a number of beliefs about how companies, banks and governments should operate so that the interests of investors are protected.
Understanding and Managing Credit Rating Agencies:
- Is an insider's view on how the rating agencies think and operate
- Offers clear advice for issuers on how to achieve an optimal credit rating
- Exposes what cannot be learned in the public domain: business principles, internal procedures and fundamental beliefs of the rating agencies
- Gives a thorough briefing for issuers on how to prepare for a meeting with a credit rating agency; what to prepare and provide, what the issuer will be most interested in and base the rating on, what to anticipate
- Provides issuers with strategies and tactics for dealing with the rating agencies
- Includes a detailed checklist of 25 questions issuers should ask in choosing a ratings agency
- Provides an up-to-date account of how U.S. and European regulators have attempted to rein in agency errors and abuses
- Includes ten reasons why sovereign are upgraded from Standard & Poor's Ratings Services, and another ten from Moody's Investors Service
Key Topics Covered:
Part 1: Understanding the Rating Agencies
I. Getting Started
II. The Nature of Credit Ratings
III. Convictions and Regulations
Part 2: Managing the Rating Agencies
IV. The Rating Meeting
V. The Rating Committee
VI. The Proactive Approach
VII. The Sovereign Setting
For more information visit http://www.researchandmarkets.com/research/mklbbv/understanding_and.