Author: Sinclair, Timothy J.
Title: The New Masters of Capital: American Bond Rating Agencies and the Politics of Creditworthiness (Cornell Studies in Political Economy).
Description: Ithaca, NY : Cornell University Press, 2005. Hardcover. Dustjacket. 186 pp.- In The New Masters of Capital, Timothy J. Sinclair examines a key aspect of the global economy : the rating agencies. In the global economy, trust is formalized in the daily operations of such firms as Moody's and Standard & Poor's, which continuously monitor the financial health of bond-issuers ranging from private corporations to local and national governments. Their judgments affect unimaginably large sums, approximately $30 trillion in outstanding debt issues, according to a recent Moody's estimate. The difference between an AA and a BB rating may cost millions of dollars in interest payments or determine if a corporation or government can even issue bonds.Cornell studies in political economyEnglish. Cornell studies in political economy text. Mailorder only - Alleen verzending mogelijk. Book condition : very good. ISBN 9780801443282.

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