Home Volumul 1 RATING AGENCIES’ ROLE IN FORMING AND CONSOLIDATING THE CONTEMPORARY ECONOMIC CRISIS

RATING AGENCIES’ ROLE IN FORMING AND CONSOLIDATING THE CONTEMPORARY ECONOMIC CRISIS


Cristian Radu Birău, Andrada Busuioc, Alexandru Cosmin Stoia
Bucharest Academy of Economic Studies
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Abstract
The blame for the contemporary economic crisis has fallen on many, because of the
implication that this event has had on rethinking the international architecture and
dependencies between governments, institutions and individual investors. Rating agencies
have played an important part in creating this illness in the international economic
environment. This article reveals how such institutions managed to contribute to the events
that determined the triggering of the crisis explains why this has happened and analyses the
future perspectives for a vital sector for the health of international finance.
Keywords: sub prime crisis, rating agency, rating independency

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