The Accuracy of Agency Ratings

Arindam Bandyopadhyay

MPRA Paper from University Library of Munich, Germany

Abstract: Recently, regulators as well market participants have raised serious concerns about the validity of external credit ratings in predicting true status of corporate default risk in India. This article seeks to compare historical rating trends in India along with the global benchmarks. CRAs need to provide more insight about corporate rating movements to enable banks to derive early warning signals about inherent credit risk. The kind of risk indicators need to be disclosed has been highlighted in this article.

Keywords: Credit Risk; Agency Rating; Validation (search for similar items in EconPapers)
JEL-codes: A10 G20 (search for similar items in EconPapers)
Date: 2019-08-07
New Economics Papers: this item is included in nep-rmg
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Published in Economic and Political Weekly 36.44(2019): pp. 15-17

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:97847

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