The Future of Credit Assessment: The Role of Alternate Ratings and Their Impact on Traditional Ratings

This panel focuses on alternate ratings and their impact on traditional ratings. The panel addresses where rating agency performance fell short and where did it not; how investors view ratings and rating agencies and what are they looking for now from rating agencies; how Rule 17g-5 has changed the...

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Bibliographic Details
Published in:The journal of structured finance 2012-12, Vol.17 (4), p.205-209
Main Authors: Kotecha, Mahesh, Murray, Douglas, Dobilas, Robert, Koolbergen, Jerry van, Midanek, James, Williamson, Eric
Format: Article
Language:English
Subjects:
Alternatives
Asset backed securities
Bond ratings
Competition
Credit ratings
Economic crisis
Investors
Rating services
Ratings & rankings
SEC regulations
Subscriptions
Surveillance
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Description
Summary:This panel focuses on alternate ratings and their impact on traditional ratings. The panel addresses where rating agency performance fell short and where did it not; how investors view ratings and rating agencies and what are they looking for now from rating agencies; how Rule 17g-5 has changed the competitive landscape in the ratings business; other key issues arising from the U.S. SEC's rule-making process on ratings; a proposed rotational system for assigning ratings; whether regulators should assign ratings; how effective the NAIC/PIMCO model has been; how the rating agencies are and should be addressing conflicts of interest; whether there are other viable rating models; and market-based ratings. [PUBLICATION ABSTRACT]
ISSN:1551-9783
2374-1325
DOI:10.3905/jsf.2012.17.4.205