Essays about: "cras"

Showing result 1 - 5 of 8 essays containing the word cras.

  1. 1. Green Numbers in Grey Areas: A study on what methods credit analysts use to integrate incomplete ESG data in the credit rating process

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Erik Voss-Schrader; Gustav Ryhre; [2024]
    Keywords : Credit; Debt; Rating; ESG; Epistemic;

    Abstract : In response to the urgent need to address global warming, this study investigates the efforts of two credit rating agencies (CRAs), Aries and Orion, to integrate environmental, social, and governance (ESG) factors into their financial analyses amidst challenges posed by inconsistent and unstandardized data. Based on interviews with nine CRA representatives and Knorr Cetina's theory of epistemic cultures, the present study reveals the difficulties faced by the CRAs with directly linking ESG factors to credit ratings. READ MORE

  3. 2. Hybrid Instruments and the Role played by Credit Rating Agencies and IAS 32

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Federico Renzi; Christoffer Abrahamsson; [2023]
    Keywords : Hybrid Instruments; IAS 32; Credit Rating; Equity; Debt;

    Abstract : Financial instruments with characteristics of equity (FICEs) are complex securities that have features lying in between equity and liability, making their classification particularly challenging. This paper has therefore explored several under-researched areas related to the issuance of FICEs by publicly trading European companies. READ MORE

  4. 3. Regulating Credit Rating Agencies

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Aljoscha Janssen; [2014]
    Keywords : Credit Rating Agencies; Rating shopping; Two-sided Market; Regulation; Reputation;

    Abstract : The credit rating industry is characterized by a conflict of interest for credit rating agencies (CRAs). Although they should act as a neutral screening institution between issuers and investors, issuers of securities pay them. As a result, CRAs are incentivized to inflate ratings and issuers shop for favorable ratings. READ MORE

  5. 4. Outside Influences: How Moody's Credit Ratings Impact the Swedish Stock Market

    University essay from Företagsekonomi

    Author : Olle Björklund; Sepehr Sharafuddin; [2013]
    Keywords : Moody s; Credit ratings; Dylan; Event study; Sweden;

    Abstract : The credit rating industry is a global industry with only three major actors, Moody’s, Standard & Poor’s and Fitch Ratings. The “big three” control the majority of the credit rating market and have powers, in the form of credit rating issuances, which they use to influence financial markets worldwide. READ MORE

  6. 5. Has S&P's impact on equity returns changed due to the financial crisis?

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Gustav Pettersson; Jacob Wennerdal; [2013]
    Keywords : S P; Downgrade; Equity prices; Financial crisis; Credit rating agency;

    Abstract : Since the financial crisis, rating agencies have taken a lot of negative criticism, when skewed incentive systems may have led to overrated securities causing asymmetric information in the market. Despite this criticism, CRAs still play an essential role in the market place today. READ MORE