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Book chapter
English

The role of credit rating agencies in sovereign debt markets

ContributorsDarbellay, Aline
Published inSovereign debt and human rights, Editors Ilias Bantekas and Cephas Lumina, p. 146-166
PublisherOxford : Oxford University Press
Publication date2018
Abstract

This article explores the evolving function performed by credit rating agencies (CRAs) in sovereign debt markets. The leading CRAs have recurrently been blamed for providing investors with inaccurate credit ratings. This study sheds light on the promise and perils of sovereign credit ratings in the light of the European sovereign debt crisis. Although this article shares concerns about poor rating performance and over-reliance on credit ratings, it questions the withdrawal of the regulatory use of credit ratings without their replacement with suitable alternatives.

Keywords
  • Agences de notation (finances)
  • Dettes publiques
  • Finances publiques
Citation (ISO format)
DARBELLAY, Aline. The role of credit rating agencies in sovereign debt markets. In: Sovereign debt and human rights. Oxford : Oxford University Press, 2018. p. 146–166.
Main files (1)
Book chapter (Published version)
accessLevelRestricted
Identifiers
  • PID : unige:113347
ISBN9780198810445
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11downloads

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