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Did Credit Rating Agencies do good work? - Essay Example
Author : pschamberger
Finance & Accounting
Pages 10 (2510 words)
Professor Date Did Credit Rating Agencies do good work? Abstract The topic of the project is “Did Credit Rating Agencies do good work?” The research report aims to make a statistical analysis of the performance of the economy of Qatar during the global financial crisis of 2008…
Data is collected from secondary sources considering the importance of statistical data for reaching a conclusion. A proper analysis and evaluation is done to understand the findings of the study and indicate the key factors underlying the report. Introduction-Background The essential role of the Credit Rating Agencies have been particularly highlighted during the period of global economic crisis in 2008 which affected even the strongest economies in the world. The Credit Rating Agencies essentially served the main purposes of mitigating the asymmetrical information system existing in the markets between the investors and the businesses in requirement of financing modes, bringing a solution for the collective action issues existing in the market and solving the major agency problems existing in the economies. After the global financial crisis of 2007-2009 affecting all the economies of the world, it was stated by many researchers that the financial system followed in the GCC countries were much more equipped to cope with the economies following the conventional financing systems. ...