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Assignment 1

This document provides information about an assignment related to credit rating agencies. It discusses the three major credit rating agencies - Standard & Poor's, Moody's, and Fitch Group. It also outlines the tasks for the assignment, which are to analyze the influence of credit ratings, select one agency to research, and submit a report and presentation by the specified due dates. The assignment is worth 10% of the student's grade.

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82 views1 page

Assignment 1

This document provides information about an assignment related to credit rating agencies. It discusses the three major credit rating agencies - Standard & Poor's, Moody's, and Fitch Group. It also outlines the tasks for the assignment, which are to analyze the influence of credit ratings, select one agency to research, and submit a report and presentation by the specified due dates. The assignment is worth 10% of the student's grade.

Uploaded by

Vanessa_Dsilva_1300
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Corporate Finance Assignment 1

Release date: 18 September 2012

RISK: Credit Rating Agencies


The Big Three credit rating agencies are Standard & Poor's (S&P), Moody's, and Fitch Group. In 2001, Moody's and Standard & Poor's market share was around 40% each, and Fitch's market share was around 15%. Standard & Poors has offices in 23 countries and provides credit ratings, indices, investment research and risk evaluations and solutions. In 2010 S&P issued 162,418 new and 556,872 revised ratings. www.standardandpoors.com Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. The firm's ratings and analysis track debt covering more than 110 countries, 12,000 corporate issuers, 25,000 public finance issuers, and 106,000 structured finance obligations. www.moodys.com

The assignment may be done individually or in groups of two. What to do 1. List down the influence of rating on the creditworthiness of issuers (country or /and company) 2. Each group, select one credit rating agency and: a) List down the importance and role of the credit rating agency selected b) Rating process c) The relevance of their rating d) List down at least 2 recent instances when the rating was criticized and on what grounds and why?

Submit the report on or before 26 September, 2012 Presentation on 3 October, 2012 (10 mts presentation by each group) Weight age 10% (Report 8% and Presentation 2%)

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