The Paradox of Credit Ratings

By Frank Partnoy. 2001

145 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/12ed90f7346b66ee8d07f01de1a03d733d411971

Citations in the corpus

• The Credit Ratings Game (2012, unknown): “CRAs have been "immune from misstatements under Section 11 of the Securities Act of 1933" and have won most cases against them based on the arguments that credit ratings are free speech and are "extensively disclaimed" (Partnoy (2002)).”
• The 2007 Meltdown in Structured Securitization: Searching for Lessons not Scapegoats (2008, unknown): “128 The World Bank Research Observer, vol. 25, no. 1 (February 2010) at International M onetary F und on M arch 10, 2010 http://w bro.oxfordjournals.org D ow nloaded from Subsequently, private securitizers developed protocols for trading claims to cash flows from other types of standardizable loans.”
• Markets: The Credit Rating Agencies (2010, unknown): “…threats of low unsolicited ratings constituted an illegal exercise of market power; the investigation was eventually closed, with no charges fi led (Partnoy, 2002, p. 79). for Moody’s, Standard & Poor’s, and Fitch, respectively (Smith and Walter, 2002, p. 290; Caouette, Altman, Narayanan, and…”