CREDİT RATİNG AGENCİES: ETHİCAL PROBLEMS

Standard&Poor’s, Moody’s and Fitch which their foundations date back in the middle of 1800s and known as credit rating agencies are operating as the most dominant institutions nowadays . The existence of these three institutions as the most important ones among credit agencies proves that the ca...

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Autor principal:	Abdunnur YILDIZ
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2019
Materias:	credit rating agencies rating reports country economies ethical problems Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/8355bb0a13724985ade014173ea94104
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spelling	oai:doaj.org-article:8355bb0a13724985ade014173ea941042021-11-24T09:20:48ZCREDİT RATİNG AGENCİES: ETHİCAL PROBLEMS2148-416310.9761/JASSS3691https://doaj.org/article/8355bb0a13724985ade014173ea941042019-08-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=960957917_36-Yrd.%20Do%C3%A7.%20Dr.%20Abdunnur%20YILDIZ.pdf&key=28091https://doaj.org/toc/2148-4163Standard&Poor’s, Moody’s and Fitch which their foundations date back in the middle of 1800s and known as credit rating agencies are operating as the most dominant institutions nowadays . The existence of these three institutions as the most important ones among credit agencies proves that the capital markets are under the tutelage of them. Prepared reports and determined rating notes by those agencies are of vital importance for specifically emerging countries that need to attract foreign capital investments in order to generate economic growth and development. The reports direct capitals of developed countries and provides upward contribution to capital inflows into developing countries. Aforementioned upward contributions are merely valid under the circumstance of realistically run reports and a way far from political facts. Neverthless, the reports are contentious since they are closely associated with political facts and unsubstantial. It might be mentioned that credit rating agencies compile reports mostly to a relationship based on self-interests by not acting objectively. Because they look out of themselves rather than countries’ and companies’ interests. As a consequence of this situaiton, they are not ethical at all. Apart from it, the nonexistance of any international establishment or institution which might inspect the credit rating agencies can be described as another problem.Abdunnur YILDIZFırat Universityarticlecredit rating agenciesrating reportscountry economiesethical problemsSocial SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 9, Iss 53, Pp 519-532 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	credit rating agencies rating reports country economies ethical problems Social Sciences H Social sciences (General) H1-99
spellingShingle	credit rating agencies rating reports country economies ethical problems Social Sciences H Social sciences (General) H1-99 Abdunnur YILDIZ CREDİT RATİNG AGENCİES: ETHİCAL PROBLEMS
description	Standard&Poor’s, Moody’s and Fitch which their foundations date back in the middle of 1800s and known as credit rating agencies are operating as the most dominant institutions nowadays . The existence of these three institutions as the most important ones among credit agencies proves that the capital markets are under the tutelage of them. Prepared reports and determined rating notes by those agencies are of vital importance for specifically emerging countries that need to attract foreign capital investments in order to generate economic growth and development. The reports direct capitals of developed countries and provides upward contribution to capital inflows into developing countries. Aforementioned upward contributions are merely valid under the circumstance of realistically run reports and a way far from political facts. Neverthless, the reports are contentious since they are closely associated with political facts and unsubstantial. It might be mentioned that credit rating agencies compile reports mostly to a relationship based on self-interests by not acting objectively. Because they look out of themselves rather than countries’ and companies’ interests. As a consequence of this situaiton, they are not ethical at all. Apart from it, the nonexistance of any international establishment or institution which might inspect the credit rating agencies can be described as another problem.
format	article
author	Abdunnur YILDIZ
author_facet	Abdunnur YILDIZ
author_sort	Abdunnur YILDIZ
title	CREDİT RATİNG AGENCİES: ETHİCAL PROBLEMS
title_short	CREDİT RATİNG AGENCİES: ETHİCAL PROBLEMS
title_full	CREDİT RATİNG AGENCİES: ETHİCAL PROBLEMS
title_fullStr	CREDİT RATİNG AGENCİES: ETHİCAL PROBLEMS
title_full_unstemmed	CREDİT RATİNG AGENCİES: ETHİCAL PROBLEMS
title_sort	credi̇t rati̇ng agenci̇es: ethi̇cal problems
publisher	Fırat University
publishDate	2019
url	https://doaj.org/article/8355bb0a13724985ade014173ea94104
work_keys_str_mv	AT abdunnuryildiz creditratingagenciesethicalproblems
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CREDİT RATİNG AGENCİES: ETHİCAL PROBLEMS

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