The Credit Rating Agencies — Are They Reliable? A Study of Sovereign Ratings

  title={The Credit Rating Agencies — Are They Reliable? A Study of Sovereign Ratings},
  author={Shreekant Iyengar},
  journal={Vikalpa: The Journal for Decision Makers},
  pages={69 - 82}
  • S. Iyengar
  • Published 1 January 2012
  • Economics
  • Vikalpa: The Journal for Decision Makers
Sovereign credit ratings estimate the future ability and willingness of the sovereign governments to service their commercial and financial obligations in full and on time. The process of evaluating the nations and assigning ratings is a business involving various international rating agencies. Governments seek the credit ratings so as to improve their access to the international capital markets. The sovereign credit ratings are an important scale for determining the cost of borrowing to a… 

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