Credit Rating Agencies (CRA) and the conflict of interest in the Issuer Pay model.

Debt markets are at the heart of the modern financial system. Credit flow is the lifeline of any economy. In the modern debt market there are three principal players. Lenders, borrowers and the third one which are the Credit Ratings Agencies or CRAs. Credit rating agencies stand between borrowers (Issuer of Debt) and the lenders … Continue reading Credit Rating Agencies (CRA) and the conflict of interest in the Issuer Pay model.