The Rating Agencies and Their Credit Ratings: What They Are, How They Work, and Why They are Relevant

"At a time of unprecedented public and political scrutiny of the effectiveness and indeed the basic business model of the Credit Rating industry, and heightened concerns regarding the transparency and accountability of the leading agencies, this book provides a commendably comprehensive overview, and should provide invaluable assistance in the ongoing debate."
–Rupert Atkinson, Managing Director, Head of Credit Advisory Group, and member of the SIFMA Rating Agency Task Force

"The Langhors have provided useful information in a field where one frequently finds only opinions or misconceptions. They supply a firm base from which to understand changes now underway. A well-read copy of this monograph should be close to the desk of every investor, issuer and financial regulator, legislator or commentator."
–John Grout, Policy and Technical Director, The Association of Corporate Treasurers