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Authors: M S S el Namaki
Published by: Ivey Publishing
Published in: "Ivey Business Journal", 2011

Abstract

The recent downgrading of the United States' credit rating brought into focus the fact that sovereign credit rating is today a largely unregulated industry. While a rating is a prime driver of investment decisions and collateral eligibility standards, it is also a potential, though inadvertent, contributor to global financial instability. This author argues for a different way of rating sovereign nations.

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Abstract

The recent downgrading of the United States' credit rating brought into focus the fact that sovereign credit rating is today a largely unregulated industry. While a rating is a prime driver of investment decisions and collateral eligibility standards, it is also a potential, though inadvertent, contributor to global financial instability. This author argues for a different way of rating sovereign nations.

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