Ratings game : a review

Authors

Phebian N. Omanukwe

Publisher

Central Bank of Nigeria

Keywords

Dynanics score, Credit rating, Global financial crisis, Lending institution

Abstract

Post-2008 global financial crisis placed the search light on the activities of global rating agencies, especially in the United States and Europe. The article discussed the regulatory role played by private credit rating agencies and their impact on the financial system. The author attempts to draw attention to the conflict of interests between the objectives of private credit agencies and the regulatory role they play. A synopsis of the article is presented in section II below, while comments and lessons for Nigeria are discussed in section III.

Author Bio

Phebian Omanukwu is a staff of the Research Department, Central Bank of Nigeria.

Publication Title

CBN Economic and Financial Review

Issue

1

Volume

50

Recommended Citation

Omanukwue, P.N. (2012): Rating Game: a review, CBN Economic and Financial Review, 50(1), 115-119.