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CRAs Essays

The Effects of Changes in Credit Ratings on Equity Returns (Stock Price)

Introduction The role of credit rating agencies (CRAs) in assessments of credit risk has grown as capital has flowed away from conventional bank credit and into the financial markets. The CRAs are now responsible for a wider variety of topics. Today’s CRAs do not just rate conventional long-term debt problems; they also rate a wide ... Read More
Pages: 23       Words: 6240
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