Today is known for everyone that potential investors, large financial institutions such as banks, companies act according to information which is given by credit rating agencies. The most famous credit agenciesare Moody's, Standard & Poor's (S&P) and Fitch Group. Together, they are sometimes referred to as the Big Three credit rating agencies. While credit rating agencies are sometimes viewed as interchangeable, Moody's, S&P and Fitch in fact rate bonds differently; for example, S&P and Fitch ratings measure the probability that a security will default, while Moody's ratings seek to measure the expected losses in the event of a default. Although Fitch has a smaller percentage of the market, it is still much larger than other rating agencies. All three operate worldwide, maintaining offices on six continents, and rating tens of trillions of dollars in securities.
THE BIG THREE CREDIT RATING AGENCIES AND THEIR ROLE IN FINANCIAL MARKET
Dilshod Maxmanov, Jahongir Abduolimov (Tashkent, O'zbekiston) | Завантажити статтю