{"product_id":"credit-rating-agencies-and-their-impact-on-developing-countries-von-marwan-elkhoury","title":"Credit Rating Agencies and Their Impact on Developing Countries","description":"\u003cp\u003eMany have questioned the role of credit rating agencies, (CRAs), in the  2007-2008 great financial crisis. Economists and financial observers  have criticized CRAs for understating the risk in the sub-prime  mortgage markets which they helped structure, such as sub-prime  mortgage-based CDSs and CDOs. CRAs are now under investigation  for giving investment-grade rating, even AAA grade to sub-prime  securities and investment vehicles, at the origin of the housing bubble  that brought the whole financial system in 2008 to a near collapse, had  governments and central banks not swiftly intervened to stop it from  crashing.  This book reviews the sovereign credit rating industry,  analyses its impact on developing countries and assesses some of the  CRAs'' shortcomings in the context of the 2007-2008 financial crisis  and the 1997-1998 Asian crisis and concerns that have been raised in  regulatory agencies in the US and in Europe.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838341156\"\u003e\u003ch3\u003eCredit Rating Agencies and Their Potential Impact on Sovereign Debt In Developing Countries\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838341156","offer_id":39498896048221,"sku":"9783838341156","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/ed458d92-aa5b-4e79-8a33-18b8efbd6e67.jpg?v=1758779982","url":"https:\/\/shop.autorenwelt.de\/en\/products\/credit-rating-agencies-and-their-impact-on-developing-countries-von-marwan-elkhoury","provider":"Autorenwelt Shop","version":"1.0","type":"link"}