Publications
Publications
- April 2012
- HBS Case Collection
Credit Rating Agency Reform in the US and EU
By: Robert C. Pozen and Brian Conroy
Abstract
The purpose of this note is to explore reform options for the credit rating industry. The note examines the ways in which credit rating agencies contributed to the recent financial crisis, particularly through ratings of securitized products and sovereign debt. It further describes changes already enacted by the US and the EU, as well as other reform proposals considered by lawmakers.
Keywords
Debt Securities; Financial Condition; Standards; Financial Crisis; Corporate Finance; Financial Services Industry; United States; European Union
Citation
Pozen, Robert C., and Brian Conroy. "Credit Rating Agency Reform in the US and EU." Harvard Business School Case 312-127, April 2012.