This blog article summarizes a recent article published in Capital Markets Law Journal. Reference: Norbert J. Gaillard and William J. Harrington, “Efficient, commonsense actions to… Read More »Efficient, commonsense actions to foster accurate credit ratings
This article summarizes the book “When Sovereigns Go Bankrupt” (Gaillard 2014), which provides a fresh analysis of how to cope with sovereign risk in the… Read More »When Sovereigns Go Bankrupt
Credit rating agencies have historically failed to anticipate the public debt crises in rich countries. This Wikirating blog article describes how Moody’s sovereign rating methodology… Read More »How Moody’s has drawn the lessons from the Eurozone debt crisis
This column explains how and why sovereign ratings and bond yields failed to anticipate the Eurozone debt crisis. It also argues that, paradoxically, sovereign ratings… Read More »Eurozone, Sovereign Ratings and Bond Yields
The sovereign and municipal debt crisis of the early 2010s is finished. Overblown predictions of a credit meltdown among European sovereigns, US states and cities,… Read More »Government Credit Crisis Over – So Where are the Upgrades
Regulation (EU) no. 462/2013 of the European Parliament and of the Council of 21 May 2013 requires credit rating agencies to publish a calendar of… Read More »Is the Eurozone Debt Crisis Over? The View from Moody’s
Wikirating is publishing two letters and one e-mail in which I map risks to an asset-backed security (ABS) when the issuer is party to a… Read More »Entire Financial System Needs Commonsense Review of Derivative Contracts: Let’s Start with ABS
Last week Roland Berger announced that he did not received the needed funds to found an European rating agency (see http://www.bloomberg.com/news/2012-04-15/roland-berger-is-short-on-ratings-agency-startup-cash-ftd-says.html). Did you wondered why?… Read More »Why an European Agency cannot be founded
After the going live of Wikirating in October and some articles about our project in few blogs and online newspapers, we have received many reactions… Read More »Wikirating is taking off