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Published in:
2021 | OriginalPaper | Chapter
4. The Credit Rating Agencies
Author : Daniel Cash
Published in: Sustainability Rating Agencies vs Credit Rating Agencies
Publisher: Springer International Publishing
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.