1 / 5

Navigating the Challenges of Regional Credit Rating Agencies and Standardization

The landscape of regional credit rating agencies (GCRAs and DCRAs) faces complexities due to the multitude of standards and rating practices. Ownership structures and control issues further complicate the environment, raising concerns about the pressures exerted by various stakeholders, such as sovereigns, banks, and MNCs. This paper explores the implications of homogeneous skills and methodologies among rating agencies, the impact on the Asian bond market, and the potential monopolistic tendencies. It also addresses regulatory dynamics and the importance of standardized rating systems for the industry.

nan
Download Presentation

Navigating the Challenges of Regional Credit Rating Agencies and Standardization

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. DESIRABILITY& CHALLENGES REGIONAL CREDIT RATING AGENCIES

  2. REGIONAL (HARMONIZED) RATING STANDARDS - GCRAs & DCRAs Already Multiplicity of Standards - Confusion - Ownership Structure & Control GCRA?DCRA?Sovereigns?BFSI?MNCs?– Pulls & Pressures -Homogeneous Skills & Methodologies SROs Like ACRAA – Neutral & Better Equipped

  3. FACILITATING ASIAN BOND MARKET - How Many One? - Monopolistic Operation A Few? Competitive Pressures GCRA/DCRA/RCRA Rating Shopping, Lax Due Diligence, Diluted Analytics/Resources - Regulatory Environment Who Regulates – Single / Multiple

  4. TWO POSSIBILITIES • ROLE OF GCRA Sovereign Rating Ceiling • ROLE OF DCRA Networked Operations

  5. THANK YOU

More Related