Describes Standard & Poor sovereign credit ratings business. Provides background information on the history of credit rating agencies, the importance of ratings, the expansion of sovereign ratings business in recent decades, and the market for ratings. Also discusses current debates in the United States and elsewhere in relation to the use of ratings in financial and regulatory.

Describes Standard & Poor sovereign credit ratings business. Provides background information on the history of credit rating agencies, the importance of ratings, the expansion of sovereign ratings business in recent decades, and the market for ratings. Also discusses current debates in the United States and elsewhere in relation to the use of ratings in financial and regulatory.
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Rawi Abdelal,
Christopher M. Bruner
Source: Harvard Business School
26 pages.
Release Date: 13 January 2005. Prod #: 705 026 PDF-ENG
Private Capital and Public Policy: Standard & Poor’s sovereign credit ratings HBR case solution