The Evolution of International Credit Rating Regulations
Credit ratings are crucial to the development of the capital market. Reliable rating results will not only help the pricing of capital, but also provide a "passport" for the issuance and sale of financial products across different markets. Given the industry's great sensitivity to external factors and the opacity of credit rating agencies in their rating practices, industry supervision is of critical importance. This paper assesses the evolution of rating industry supervision in major markets, particularly the regulation of rating agencies based offshore. It seeks to provide a reference for the improvement of regulation of China's credit rating industry.
【CateGory Index】： F832.51