Detail Letters from India; Credit-rating Agencies   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 402 no. 8776 (Mar. 2012), page 68. Topik: Rating Services; Regulation; Business Valuation; Securities Markets Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.70 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel There's a land far from Wall Street, where credit-rating agencies are not outcasts and can look in the mirror without feeling sick. This paradise is India, with six licensed ratings agencies, the biggest of which, CRISIL, has a market value that has just soared beyond $1.3 billion. (Moody's, one of the three big Western agencies, is worth $8.9 billion.) These outfits use the same model - the issuer of debt pays for the rating - as their counterparts in rich countries, where the resulting conflict of interest helped devastate the economy. India's financial supervisor, SEBI, has been on the ball, passing rules on agencies in 1999, about a decade before the West got serious. If an agency wants to rate bank loans it also needs permission from India's central bank, which takes a dim view of financial gymnastics. Good regulation and distance from the rest of the industry have helped, but India's agencies have also diversified cleverly. Rather than growing by rating structured products, most firms have stretched the business to small companies and beyond. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved