Mohammed Hemraj: 1 book
Credit Rating Agencies
Self-regulation, Statutory Regulation and Case Law Regulation in the United States and European Union
Language: English
Release Date: June 22, 2015
The book examines the role of credit rating agencies (CRAs) in the subprime mortgage crisis. The CRAs are blamed for awarding risky securities ‘3-A’ investment grade status and then failing to downgrade them quickly enough when circumstances changed, which led to investors suffering substantial...
