CREDIT RATING
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Abstract
Credit rating business is an important segment in the financial services arena. With increased activity in the Financial sector both existing and new companies are opting for finance from the capital market and they also require the Rating to increase the credibility of the Company or Individually. Credit rating helps in the development of financial markets. Credit rating is an investor service and a rating agency is expected to maintain the highest possible level of analytical competence and integrity. The analytical framework of rating deals with evaluation of both the business and financial risks associated with that entity. Besides qualitative aspects like management capabilities also play a considerable role in determining a rating. Credit ratings establish a link between risk & return.
References
Dr.S.Gurusamy,‖ Financial Services and System‖, Thomson Publishers, First edition – 2008.
Bharati V. Pathak,‖The Indian Financial System – Markets, Institutions and Services, Pearson Education, Third edition- 2008.
Mamta Arora (2003), Credit Rating in India: Institutions, Methods And Evaluation, New Century Publications.
Venkateswara Kumar K.S., Hanumantha Rao S. 2012, Credit Rating-Role in Modern Financial System,International Journal of Marketing, Financial Services & Management Research Vol.1 Issue 8, August.
IOSCO (International Organization of Securities Commissions). 2008. “The Role of Credit Rating Agencies in Structured Finance Markets.” Technical Committee Final Report. http://www.iosco.org/.
DNB Working Paper No. 278/ January 2011, Credit Rating Agencies.
Investor.gov (http://investor.gov)
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