The Universal Credit Rating Group: The Viability of a Response
Daniel Cash 'The Universal Credit Rating Group: The Viability of a Response' [2016] 17 World Economics 4 (forthcoming)
Posted: 24 Jul 2016 Last revised: 9 Oct 2016
Date Written: July 23, 2016
Abstract
The Universal Credit Rating Group is a collection of rating agencies that are aiming to redress what they see as an imbalance in the provision of credit ratings across the global economy. In this second installment of the ‘Viability of a Response’ series, this article will introduce the UCRG and discuss its chances of succeeding in its goal of offering a viable opposition to the Big Three rating agencies. What is proposed by this article is that although the Group provide a welcome narrative, the foundation to their endeavour is potentially lethal to their chances of success.
Keywords: Credit Rating Agencies; Universal Credit Rating Group; International Investment
JEL Classification: G01; G23; F01
Suggested Citation: Suggested Citation