INTERNATIONAL RATING AS A CREDITWORTHINESS MEASURE OF A STATE
Journal Title: Torun International Studies - Year 2016, Vol 1, Issue 9
Abstract
Credit rating agencies play an important role in the world due to the fact that rating has become a reliable indicator of the evaluation of a debt investment. A reliable agency that is globally recognised ought to be independent, objective, professional, ethical and substantive. Rating itself constitutes an opinion that concerns the possibility of servicing of payment obligations made by a given entity. It is also frequently defined as an independent and objective evaluation of credit risk of a given entity wishing to contract a debt. Rating is a dynamic category concerning the future, therefore each forecast is surrounded by uncertainty. Ratings of individual agencies may differ considerably. The aim of the article is to discuss the role of international rating as a credibility measure of a state, the role of credit rating agencies, of the rules of rating and of the level of rating for the countries of the European Union, especially given the fact that rating for a country is reflected in its credibility and attractiveness.
Authors and Affiliations
Jolanta Ciak, Rafał Półkarz
Keywords
Related Articles
- EP ID EP197706
- DOI 10.12775/TIS.2016.010
- Views 66
- Downloads 0
CONTEMPORARY MIGRATION CRISIS IN EUROPE AND ITS IMPACT ON SOCIO-POLITICAL SITUATION IN GERMANY
Migration crisis is currently one of the biggest challenges facing EU states. Te role of this issue in the German socio-political discourse in 2015–2016 is the main focus of the analysis presented in this paper. Among al...
TRADE COOPERATION AND AUSTRIAN INVESTMENT ACTIVITY IN UKRAINE
The article deals with problem of trade cooperation and Austrian investment activity in Ukraine over the past 25 years. The purpose of the paper was to find the reasons of interest in Ukraine by Austrian government and f...
CONCEPTION OF INTERMARIUM IN POLISH FOREIGN POLICY IN XXI CENTURY
Poland interests and her policy are strongly determined by her geopolitical conditions. More than 40 years of people democracy under USSR domination brings in whole region civiliza- tion and economic backwardness. After...
The exogenous and endogenous prerequisites of political mobilization of the population of Ukraine at the beginning of 2013 and at the end of 2014
abstract
DIFFERENT FOCI OF FOREIGN POLICY ANALYSIS IN „FOREIGN AFFAIRS”: RUSSIAN POLICY TOWARDS THE WEST IN 1999-2013
Articles in Foreign Affairs have always been an informative collection of opinions, which allowed understanding how the U.S., and especially its intellectuals that comment on in- ternational relations, perceive other c...