- published: 17 Jan 2017
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What are credit rating agencies doing, why do we need them and why are they causing so much trouble? ________________________________________________ SOURCES: http://www.reuters.com/article/us-ratings-insight-idUSTRE7714TI20110802 http://www.bbc.com/news/10108284 https://www.theguardian.com/business/2012/feb/15/credit-ratings-agencies-moodys https://www.theguardian.com/commentisfree/2012/jan/16/time-control-credit-ratings-agencies http://www.cfr.org/financial-crises/credit-rating-controversy/p22328 https://web.archive.org/web/20130605141052/http://rru.worldbank.org/documents/CrisisResponse/Note8.pdf http://siteresources.worldbank.org/FINANCIALSECTOR/Resources/Credit_Reporting_text.pdf http://personal.lse.ac.uk/debp/Papers/Ratings_Regulation.pdf
The film introduces into the activity of rating agencies and their growing importance for developing countries.
Italy is firmly back in the firing line of the eurozone debt crisis after credit ratings agency Moody's delivered a stinging downgrade to Baa2 from A3, saying Rome was now "more likely to experience a further sharp increase in its funding costs or the loss of market access" for borrowing. Credit ratings agencies and how they operate.
The financial markets tremble when the rating agencies disclose their ratings about the credit worth of a country. Government leaders lose their sleep over the rating of their country. But often the ratings of Moody's, S & P's and Fitch were incorrect. "It's just like making a rough estimate, giving a credit rating to a country is nothing but a board game." - Jerome Fons (Former Director of Moody's). The rating agencies, or credit assessors, are all over the news. Recently, there has been many downgrades of mainly European countries and companies. With as a consequence troubled financial markets and governments that are getting deeper in financial trouble. Reducing a country's credit rating can have such major consequences that government leaders, if their credit rating is at stake, are ...
IN THIS VIDEO YOU WILL LEARN ALL ABOUT CREDIT RATING AGENCIES LIKE CRISIL ,CIBIL ,FITCH etc.THIS TOPIC WILL HELP YOU IN MANY EXAMINATIONS LIKE BANKS ,SSC ,INSURANCE ,RAILWAY ,UPSC ,LIC etc. Adda 247 is a collaboration of bankersadda.com and sscadda.com, a unique platform created for bank and SSC jobs. Videos on adda247 are educational videos focused on IBPS, Bank PO, Bank Clerk and SSC, SSC CGL and Other government jobs!
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Has the Finance Minister done enough to avoid a downgrade? “I think the budget may, on balance, just be enough to avoid a Moody's credit rating downgrade to sub-investment grade in this quarter,” says Annabel Bishop, Investec chief economist. She says if you see continued substantial borrowings AND you're borrowing to pay off your debt you’ve fall into a debt trap, which has happened to South Africa and is why we’ve been getting the credit rating downgrades we have so far. Get more insights from the Investec #Budget2018 panel discussion here: http://bit.ly/2GzWG9V
Hindu Editorial Analysis for 11th September 2017 - Search for quality: On Credit Rating Agencies in India (in Hindi). Watch the English version on https://unacademy.com/course/the-hindu-daily-editorial-analysis-for-september-2017/XRSHEOQD Read the editorial analysis for 11th September 2017 of the Hindu Newspaper. Learn how to read the daily Hindu News Analysis by Jatin Verma. Learn about the current affairs for your IAS preparation. Current news from around India brought to you by Unacademy. Get insights on the Hindu Newspaper and latest news. Fresh update on the current affairs for 11th September 2017.
"...apparently, uh, tying up six years of insurance payments in hopes of housing Armageddon is not a prudent investing." "...Okay. I want you to walk back in there and, very calmly and very politely, tell the risk assessors to **** off." "You are selling ratings for fees...Rating Shop." "If you can afford to make less, make less."
The big short 2015
Credit Rating Agencies and the Financial Crisis (Part 1 of 2) - Committee on Oversight and Government Reform - Tape Deck 01 - 2008-10-22 - The Committee held a hearing titled, "Credit Rating Agencies and the Financial Crisis" on Wednesday, October 22, 2008, in 2154 Rayburn House Office Building. The hearing examined the actions of the three largest credit rating agencies, Standard and Poor's, Moody's Corporation, and Fitch Ratings, leading up to the current financial crisis. Video provided by the U.S. House of Representatives.
http://www.thesoapboxroadshow.com/ Introductory Statement by Chairman Carl Levin - From Senate Committee hearings. The credit rating agencies are; Moody's, Standard and Poors, and Fitch....QUOTE: "Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn M.D., R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, today released a 635-page final report (PDF, 6MB) on their inquiry into key causes of the financial crisis. The report catalogs conflicts of interest, heedless risk-taking and failures of federal oversight that helped push the country into the deepest recession since the Great Depression." http://levin.senate.gov/newsroom/supporting/2011/PSI_WallStreetCrisis_041311.pdf
What is CREDIT RATING AGENCY? What does CREDIT RATING AGENCY mean? CREDIT RATING AGENCY meaning - CREDIT RATING AGENCY definition - CREDIT RATING AGENCY explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely interest payments and the likelihood of default. An agency may rate the creditworthiness of issuers of debt obligations, of debt instruments, and in some cases, of the servicers of the underlying debt, but not of individual consumers. The debt instruments rated by CRAs include government bonds, corporate bonds, CDs, municipal bonds, preferred stock, and collate...
http://www.facebook.com/tedxvienna http://www.tedxvienna.at Dorian Credé is founder and chairman of Wikirating, the first non-profit community platform for credit ratings. He studied physics and mathematics and has a Master of Science from the Swiss Federal Institute of Technology (ETH Zurich), Switzerland. Since more than 12 years he is working in the IT and financial services industry. About TEDx In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides gene...
Strategic Financial Management : Chartered Accountancy; Credit Rating | Introduction | CAMEL Model | Rating Process | Credit Rating Agencies | Part 1; Revision : 00:00:11 - 000:01:35 Topic Covered : 1. Ratings and Credit Ratings [CA Final May'13] : 00:01:36 - 00:0:49 2. Importance of Ratings : 00:06:58 - 00:09:49 3. Disadvantages of Rating [CA Final Nov'09] : 00:09:50 - 00:14:19 4. Rating Process : 00:14:22 - 00:21:02 5. Camel Model in Credit Rating [C.A Final Nov'10] : 00:21:02 - 00:24:28 -C - Capital -A - Assets -M - Management -E - Earnings -L - Liquidity 6. Credit Rating Agencies in India : 00:24:28 - 00:27:18 - CRISIL - ICRA - CARE Video by Edupedia World (www.edupediaworld.com), Free Online Education; Download our A...
Credit Rating Agencies, Panel 1 - House Oversight Committee - 2008-10-22 - Product 281924-1-DVD - House Committee on Government Reform and Oversight. Financial and credit industry executives testified about credit industry operations, regulatory procedures, and financial mismanagement that influenced credit market turmoil and led to global financial instability. They focused on the role of credit rating agencies, standards for issuing AAA ratings, and the levels of transparency in accounting practices at financial institutions. Filmed by C-SPAN. Non-commercial use only. For more information see http://www.c-spanvideo.org/program/281924-1
Recently Standard & Poor's downgraded the US' credit score, but people are wondering if this downgrade really means anything? These same agencies gave Lehman Brothers and Bear Stearns excellent credit ratings. What drives the interests of these credit rating agencies? Do they have their own agenda? Karl Denninger, from The Market Ticker, gets to the bottom of this. Follow Lauren on Twitter: http://twitter.com/LaurenLyster