Credit Rating Agencies and the Regulations: -a Study on the American Rating Business and the Rating Agencies

摘要

This paper introduces the business model and the problems in the Credit Rating Agencies in the US. We describe the development of this business and then focus on the critiques on it which, as widely discussed, caused the credit crunch and aggravated the financial crisis. We, based on the problems, try to provide proposals in order to better regulate the agencies and the business process. We believe the proposals discussed in this project will have a positive influence to the rated financial market and products.