Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/172632
Authors: 
Nauhaus, Steffen
Schäfer, Dorothea
Year of Publication: 
2015
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Publisher:] Springer [Place:] Heidelberg [Volume:] 95 [Year:] 2015 [Issue:] 10 [Pages:] 678-683
Abstract: 
Alle drei großen Ratingagenturen Standard & Poor's, Moody's und Fitch haben Griechenland, Irland, Portugal und Spanien während der europäischen Finanzmarkt- und Staatsschuldenkrise signifikant benachteiligt. Dies lässt sich nur zu einem geringen Teil auf objektive Fundamentaldaten zurückführen. Das Reformziel der Ratingverordnung der Europäischen Union und auch des Ratinggesetzes der Großen Koalition, den Einfluss der Bonitätsbewertungen stark zu reduzieren, muss daher konsequent weiter verfolgt werden.
Abstract (Translated): 
The Big Three credit rating agencies put Greece, Ireland, Portugal and Spain at a significant disadvantage during the European sovereign debt crisis. Their strong influence is likely due to the importance given to credit ratings by financial regulations. Both the EU's credit rating directive and the Ratinggesetz of the German Bundestag assert that their objective is to markedly reduce this influence and allow for greater weight to be placed on fundamentals. They should pursue this objective vigorously.
JEL: 
G24
H63
F34
Persistent Identifier of the first edition: 
Document Type: 
Article
Document Version: 
Published Version

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