Excerpt
Contents
1. Introduction
2. Background on credit rating agencies
2.1 The role of ratings in the financial system
2.2 The rating process
3. Problems with CRAs
3.1 General criticism
3.2 The market of CRAs
3.3 Who pays the rating?
3.4 Consulting
3.5 Lack of accountability
4. The subprime mortgage crisis
4.1 The formation of the bubble
4.2 Conversion from mortgages into CDO's
4.3 The role of the CRAs in subprime mortgage crisis
5. Conclusion
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- Jan Pohlmann (Author), 2019, The role of credit rating agencies in the global financial system and the associated problems, Munich, GRIN Verlag, https://www.grin.com/document/494202
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