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The Role of Credit Rating Agencies in Responsible Finance

  • Daniel Cash

Part of the Palgrave Studies in Impact Finance book series (SIF)

Table of contents

  1. Front Matter
    Pages i-x
  2. Daniel Cash
    Pages 1-5
  3. Daniel Cash
    Pages 7-43
  4. Daniel Cash
    Pages 45-74
  5. Daniel Cash
    Pages 75-98
  6. Daniel Cash
    Pages 99-118
  7. Daniel Cash
    Pages 119-123
  8. Back Matter
    Pages 125-127

About this book

Introduction

This Palgrave Pivot aims to examine the bourgeoning relationship between the Principles for Responsible Investment and the Credit Rating Industry. Since May of 2016, when the partnership was initially publicised, the PRI have endeavoured to incorporate Credit Rating Agencies into its initiative via its ‘ESG in Credit Ratings Initiative’, and have been working diligently to find, and create common ground between Credit Rating Agencies and Institutional Investors seeking to be more forward-looking in their investment approaches. However, in recent years the ‘Big Two’ Credit Rating Agencies – Standard & Poor’s and Moody’s – have finally received record fines for their conduct in the run-up to the Financial Crisis. There is a need, then, to examine the incorporation of the Credit Rating Agencies into such a progressive initiative. To achieve this objective, this book examines the field of ‘responsible investing’, the credit rating industry, and the power dynamic that exists between the rating industry, investors, and the PRI (via its ‘Initiative’). 

Keywords

Impact Investing Sustainable Finance Credit Rating Agencies Financial Gatekeepers Responsible Finance Financial Crisis

Authors and affiliations

  • Daniel Cash
    • 1
  1. 1.Aston UniversityBirminghamUK

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-030-03709-3
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2018
  • Publisher Name Palgrave Pivot, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-030-03708-6
  • Online ISBN 978-3-030-03709-3
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking