Abstract
This chapter introduces the reader to the credit rating agencies and their development as an industry. A picture is painted of the agencies’ history, through to the modern day whereby the ‘Big Three’ rating agencies stand powerfully. The chapter also directs its focus to the movement of the credit rating agencies into the ESG field, by way of working closer with investors and sustainability-concerned initiatives, becoming more transparent with their methodological processes, and by purchasing sustainability rating agencies to accentuate their offering to the mainstream investor base.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Cash, D. (2021). The Credit Rating Agencies. In: Sustainability Rating Agencies vs Credit Rating Agencies. Palgrave Studies in Impact Finance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-71693-6_4
Download citation
DOI: https://doi.org/10.1007/978-3-030-71693-6_4
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-71692-9
Online ISBN: 978-3-030-71693-6
eBook Packages: Economics and FinanceEconomics and Finance (R0)