A Modern Credit Rating Agency: The Story of Moody’s

Author:   Daniel Cash
Publisher:   Taylor & Francis Ltd
ISBN:  

9781032575728


Pages:   130
Publication Date:   18 December 2024
Format:   Paperback
Availability:   Not yet available   Availability explained
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A Modern Credit Rating Agency: The Story of Moody’s


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Overview

This book aims to present a picture of one of the world’s leading credit rating agencies. Credited as being the first credit rating agency, Moody’s stands as the epitome of the rating sector and all that it effects. However, outside of internal and non-public histories compiled within the rating agency itself, the story of Moody’s has never been told, until now. However, this is not a historical book. Rather, this book paints a picture of Moody’s on a wider canvas that introduces the concept of rating to you, taking into account the origins of the sector, the competitive battles that formed the modern-day oligopoly, and the characters that have each taken their turn on sculpting the industry that, today, is critical to the modern economy. The book is a story of personable people who provided the market with what it needed, but it is more than that. It is a story of conflict, impact, strategy, and most of all the relationship between big business and modern society. Standing as the gatekeeper to the capital markets that form the core of modern society, Moody’s represents the very best of what the marketplace can produce, but also the very worst. This story takes in economic crises in the antebellum US, the Panics of the early 1900s, the Wall Street Crash and the Great Depression and, of course, the Global Financial Crisis. It does this because, at the heart of each one was a member of the rating industry or the reporting industry that preceded it. Associated with almost any financial scandal you may care to remember the credit rating agencies, in their often-uncomfortable role as gatekeepers, have their fingerprints on most financial scandals and calamities. This book tells the story of the industry’s founding member.

Full Product Details

Author:   Daniel Cash
Publisher:   Taylor & Francis Ltd
Imprint:   Routledge
ISBN:  

9781032575728


ISBN 10:   1032575727
Pages:   130
Publication Date:   18 December 2024
Audience:   College/higher education ,  Tertiary & Higher Education
Format:   Paperback
Publisher's Status:   Forthcoming
Availability:   Not yet available   Availability explained
This item is yet to be released. You can pre-order this item and we will dispatch it to you upon its release.

Table of Contents

Chapter 1 – Introduction Chapter 2 - The Long Road Home Must Start Somewhere Chapter 3 - From Here to Eternity Chapter 4 - Cultural Revolution, or Cultural Evolution? Moody’s IPO on Reflection Chapter 5 – Systemic Derailment Conclusion Afterword – The Signal Box

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Author Information

Daniel Cash is Associate Professor at Aston University in the UK. He was a Fulbright Scholar from 2022 to 2023 at New York University’s Stern Business School. He has authored eight books and almost thirty articles all on the credit rating industry and ESG rating industry, after receiving his PhD in 2016, within which he focused on the provision of ancillary services by credit rating agencies.

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