Credit Rating Agencies play a key role in European capital markets today, publishing ratings on the creditworthiness of … covenants. As a result, credit rating agencies play a major role not only in the pricing of debt securities, but also in the … regulatory process. It may well happen, in fact, that regulators co-opt rating agencies as information-producing agents for …

The principal agent problem is one of the major issues of the credit rating agency market. Is it possible to solve the … presents an option for regulating the credit rating agency market more effectively. The market shall be coordinated through a … ratings decreases significantly. Moreover, rating shopping option becomes impossible. Two possible positive side effects for …