Jump to ContentJump to Main Navigation
Chasing the TapeInformation Law and Policy in Capital Markets$
Users without a subscription are not able to see the full content.

Onnig H. Dombalagian

Print publication date: 2015

Print ISBN-13: 9780262028622

Published to MIT Press Scholarship Online: September 2015

DOI: 10.7551/mitpress/9780262028622.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 22 October 2021

Credit Analysis

Credit Analysis

Chapter:
(p.73) 5 Credit Analysis
Source:
Chasing the Tape
Author(s):

Onnig H. Dombalagian

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262028622.003.0005

This chapter provides an overview of the regulation of information used in analyzing the creditworthiness of fixed-income securities. It begins with a discussion of credit analysis with respect to government and corporate debt and asset-backed securities, with a focus on how credit rating agencies generate credit ratings. It then discusses regulatory concerns with undue reliance on credit ratings and the tradeoffs in mandating more granular disclosure and encouraging independent credit analysis to obviate such reliance. It ends with a discussion of the US and EU regulatory framework for the professionalization of credit rating agencies, for the publication of asset-level information, and for eliminating mechanistic reliance on credit ratings in financial regulation.

Keywords:   Credit analysis, Ratings, Rating agencies, Fixed-income securities, Asset-backed securities

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.