ACRA, Russia’s Credit Rating Revolution, and Red Herring Reform
Bonds & Loans
Published: 2 January 2018 03:17
Many foreign credit rating agencies – the Big Three in particular – balked when the Russian government tightened controls on the regulation of credit rating agencies, a move intended to bring more transparency to the sector and eliminate conflicts of interest. Borrowers, analysts and investors are sceptical about the rules’ ability to deliver on its stated goals.
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