Generally, information provision and certification have been identified as the major economic functions of rating … and 2004, we find that the overall information content of rating action has indeed increased since the introduction of the … and borrowers and as such enable a finer partition of rating information, thereby contributing to a higher information …

Generally, information provision and certification have been identified as the major economic functions of rating …, we find that the overall information content of rating action has indeed increased due to the introduction of the … and borrowers and as such enable a finer partition of rating information, thereby contributing to a higher information …

Generally, information provision and certification have been identified as the major economic functions of rating …, we find that the overall information content of rating action has indeed increased due to the introduction of the … and borrowers and as such enable a finer partition of rating information, thereby contributing to a higher information …

the delivery of information. For low-quality borrowers, in contrast, the review procedure seems to have developed into an …-augmenting actions. The agencies' economic role hence appears to have been enhanced from a pure information certification towards an …

Generally, information provision and certification have been identified as the major economic functions of rating … 2004, we find that the overall information content of rating action has indeed increased due to the introduction of the … and borrowers and as such enable a finer partition of rating information, thereby contributing to a higher information …