Ratings agencies
Philippines central bank to support infrastructure plan
Deputy governor says the country could achieve ‘A’ ratings in the next 18 months
Costa Rica credit rating downgraded two notches amid persistent fiscal deficit
Fitch Ratings revised rating down despite early repayment of central bank and fiscal reforms
Confidence key for South Africa’s economic recovery – Kganyago
Governor optimistic nation can “turn things around” with investor-friendly policies
Bank of Canada severs mechanical link to external ratings
The Bank of Canada is “well positioned” to end its mechanistic reliance on external credit ratings, says Philippe Muller
Esma calls for tougher regulation of credit ratings agencies
European laws mentioning credit ratings should be revised, regulator says
Worst could be yet to come, warns Sarb
Further credit downgrades could see outflow of investment, threatening stability of the rand and overall financial stability
Esma sets out 2017 work programme
Strategy and governance among key priorities, Maijoor says
Ratings agency fined €1.38 million by Esma for regulatory breaches
Penalty dwarfs previous fines levied by authority
EBA sets out standards for weighing securitisation ratings
Regulators should stick with qualitative approach “in the short term”, authority says
Bank of Russia presses ahead with rating agency plans
Russian banks are ‘safe’ according to central bank governor
Healthy domestic variables can smooth rating downgrades, paper finds
Bank of Spain analysed ratings in 67 countries
Assessing credit risk post-crisis at a central bank
How the Bank of Canada has developed its own credit assessment processes
Kuwaiti governor argues for credit ratings regulator
Regulator would ensure ratings are high quality and used correctly
FSB issues peer review on ‘uneven' progress to end credit ratings reliance
National authorities must develop new ways to measure creditworthiness
ABS innovations aim to clear credit rating log-jam
Innovative way of calculating capital requirements for securitisation portfolios could take rating agencies out of the game - and put the European economy on the path to recovery
Sovereign credit ratings have asymmetric impact, ECB paper finds
Upgrades had stabilising effect on markets, while downgrades increased volatility
Regulatory reliance to blame for faulty credit ratings, paper claims
The growing importance of credit ratings to financial regulators and prudential regulation explains more of the distortion in ratings than the question of who pays for the rating
Credit ratings hit prices 'significantly' more in times of crisis, paper finds
Effects of rating actions on market prices not crucial during favourable market conditions but 'very significant' in times of crisis; analysis covers ratings and prices of 16,500 bonds over 12 years
Moody's says big US banks no longer ‘too big to fail'
Agency cuts ratings of four systemically important US banks, including Goldman Sachs and JP Morgan, as Dodd-Frank believed to reduce prospects of future government bailouts
Banque de France backs efforts to circumvent ratings agencies
Central bank gives scathing assessment of credit ratings agencies and supports Esma proposals to reduce reliance on ratings; Moody’s and S&P critical of the plans
Asian central bank FX reserves not properly recognised by rating agencies, says Sheng
CBRC adviser and former Hong Kong SFC chief Andrew Sheng points to inconsistent approach in sovereign debt ratings; doubts international crisis co-ordination is possible
Chinese banks may face shadow finance credit crisis, say rating agencies
Strong links between the regulated and unregulated credit sectors in China due to the use of wealth management products and lending to shadow banks pose a systemic threat to Chinese banks
Philippines central bank braces for impact of rating upgrades
Central bank says it is ‘vigilant’ to asset bubbles resulting from country’s upgrade to investment grade status by two of the three main rating agencies
FSB to assess efforts to end ‘mechanistic reliance’ on credit ratings
Peer reviews aim to hasten a move away from rating agencies, with countries expected to eliminate references to credit ratings from laws and encourage better internal credit risk assessments