Big Three credit rating agencies
E484909
The Big Three credit rating agencies are the dominant global firms—Standard & Poor’s, Moody’s, and Fitch—that assess the creditworthiness of governments, corporations, and financial instruments.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Big Three credit rating agencies canonical | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf | group of credit rating agencies ⓘ |
| alsoKnownAs |
Big Three CRAs
NERFINISHED
ⓘ
Big Three credit rating firms NERFINISHED ⓘ |
| alternativeBusinessModel | investor-pays model (limited use) ⓘ |
| assesses |
bonds
ⓘ
corporations ⓘ financial institutions ⓘ other debt instruments ⓘ sovereign governments ⓘ structured finance products ⓘ |
| associatedWith | systemic risk concerns ⓘ |
| businessModel | issuer-pays model ⓘ |
| consistsOf |
Fitch Ratings
NERFINISHED
ⓘ
Moody’s Investors Service NERFINISHED ⓘ Standard & Poor’s NERFINISHED ⓘ |
| criticizedFor |
conflicts of interest
ⓘ
contribution to the 2007–2008 financial crisis ⓘ issuer-pays business model ⓘ oligopolistic market structure ⓘ overly optimistic ratings on mortgage-backed securities ⓘ |
| domain | financial services ⓘ |
| geographicScope | global ⓘ |
| impact |
collateral requirements in financial contracts
ⓘ
eligibility of securities for investment mandates ⓘ sovereign debt markets ⓘ |
| industry | credit rating industry ⓘ |
| influenceOn |
cost of borrowing for issuers
ⓘ
financial market stability ⓘ investment decisions of institutional investors ⓘ regulatory capital requirements ⓘ |
| marketPosition | dominant global credit rating providers ⓘ |
| marketShare | majority of global credit rating market ⓘ |
| primaryFunction | assessing creditworthiness ⓘ |
| provide |
private credit assessments
ⓘ
public credit ratings ⓘ research and analytics on credit risk ⓘ |
| regulatoryRole | nationally recognized statistical rating organizations in the United States ⓘ |
| roleIn |
corporate credit risk assessment
ⓘ
global bond markets ⓘ sovereign credit risk assessment ⓘ structured finance markets ⓘ |
| subjectOf |
academic research on rating accuracy and bias
ⓘ
post-crisis regulatory reforms ⓘ |
| subjectTo | financial regulation in multiple jurisdictions ⓘ |
| useRatingScales |
long-term credit ratings
ⓘ
outlook and watch status indicators ⓘ short-term credit ratings ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.