Are credit rating agencies currently reliably assessing the creditworthiness of national economies, enterprises and financial institutions, including issuers of securities?
One of the factors that generated a high scale of negative aspects of the global financial crisis in 2008 was the practice of unreliably carried out assessments of the creditworthiness of national economies, enterprises and financial institutions, including issuers of securities and certain financial instruments offered to individual clients by commercial banks. Have the financial supervisory authorities developed effective instruments to enforce the reliability of credit risk analysis procedures in investment banks and rating agencies? Do financial systems work more effectively than in 2008? Do credit rating agencies reliably carry out an assessment of the creditworthiness of national economies, enterprises and financial institutions?
Please, answer, comments.
I invite you to the discussion.
Best wishes
Dear Friends and Colleagues of RG,
Are the reports and recommendations issued by the rating agencies more honestly developed, in accordance with the principles of business ethics, have the procedures for their development and the objective information policy been improved and still function as before the global financial crisis of 2008?
Please reply
I invite you to the discussion
Thank you very much
Best wishes
Dear Hefri Yodiansyah Th, J. Rafiee
, Emmanuel V Murray, Vladimir Mirkovic, Aleksandra Vidovic, Hello everyone, thank you for participating in the discussion. Thank you for participating in this discussion and providing inspiring and informative responses. The issue is indeed developmental. You described the problem very well. I fully agree with your opinion on this topic. Your statements confirm that the above-mentioned issues are current and developing. I, too, believe that the use of unfair business practices of credit rating agencies is an important, key source of increasing the scale of the 2008 global financial crisis generated by investment banking.Best wishes,
Have a nice day,
Dariusz Prokopowicz
Therefore, the following question arises: Were the procedures for issuing recommendations by rating agencies improved in the context of the improvement in the functioning of the financial system after the global financial crisis? Are these recommendations now honestly and objectively issued?
What do you think about it?
What is your opinion on this topic? Regards, have a nice day,
Dariusz Prokopowicz
Dear Vladimir Mirkovic,
Yes, many participants and investors operating in financial markets, including capital markets, agree that internationally operating rating agencies diligently carry out their analyzes and formulate their recommendations. In order for this state to continue in the future, conclusions should be drawn from the mistakes made before the global financial crisis of 2008.
Regards,
Dariusz Prokopowicz
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