Credit Rating Agencies - Publications - Faculty & Research

22 Apr 2015
Op-Ed

Reforming Greece: Myths and Truths

capital encourages business development." They gave a ranking of close to 6 before the crisis and 1.3 in 2014. To make things worse, credit rating agencies imposed filters... View Details

Keywords: by George Serafeim

24 Sep 2020
Research & Ideas

Financial Meltdowns Are More Predictable Than We Thought

Red-zone or “R-zone” for short. Countries fall into the “business R-zone” when: Credit extended to firms rises for three years at a rate that reaches the top 20 percent of past experience. Stock market... View Details

Keywords: by Danielle Kost; Financial Services

Profile

Brandon Gayle

Eastman Kodak in their Credit and Service Marketing Departments. All the while, the value she placed on education was clear." At Harvard College, the value of education and business intertwined. "I worked for Harvard Student... View Details

07 Jun 2016
First Look

June 7, 2016

spread, defined as the spread of local currency bonds over the synthetic local currency risk-free rate constructed using cross-currency swaps. We find that local currency credit spreads are positive and... View Details

Keywords: Sean Silverthorne

01 Sep 2016
News

The Big Business of Little Loans

Funding Circle, among others. It was a wide circle. These startups are part of a new ecosystem filling the void left by traditional banks that don’t want to lend to small businesses because they are too risky or because interest rates are... View Details

Keywords: Nancy Miller

31 Jul 2007
First Look

First Look: July 31, 2007

Purchase this case: http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=707019 The History of Credit Agencies in the United States Harvard Business School Note 307-057 Provides a brief background... View Details

Keywords: Martha Lagace

09 Jul 2024
News

On Balance

at 22.8 percent. That figure has consistently fallen since 2013 but, “at the current rate of change, we won’t close the gender pay gap for 25 years,” observes Wooldridge. “We need to speed things up.” Likewise, the proportion of women in... View Details

April 1988 (Revised May 1992)
Case

Gaz de France

By: W. Carl Kester

The treasurer of Gaz de France is an aggressive, proactive manager of his company's liability structure, running one of the largest swap books of any non-financial corporation in the world. Currency futures, interbank forwards, and currency options are also frequently... View Details

Keywords: Decisions; Borrowing and Debt; Currency Exchange Rate; Credit Derivatives and Swaps; Policy; Management; Organizational Structure; Energy Industry; Europe

Citation

Educators

Purchase

01 Dec 2006
News

One-on-One with Jeff Hicks

HICKS Illustration by Joe Ciardiello Jeff Hicks (MBA ’97) arrived at HBS with ten years of experience as an advertising executive at Leo Burnett in Chicago. Disillusioned with the trend toward “unbundling” agencies into different... View Details

Keywords: Julia Hanna; Advertising, Public Relations, and Related Services; Professional Services

01 Dec 2003
News

Selling Digital Privacy

marketing companies to sell it. Consumers, he asserts, have much to gain — be it money, price discounts, better customer service, or products tailored specifically to their needs. In the current system, information that is gathered about individuals by stores,... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services

09 Nov 2010
First Look

First Look: November 9, 2010

legislative and regulatory calls for increased competition. The material entry of a third rating agency (Fitch) to the competitive landscape offers a unique experiment to empirically examine how, in fact,... View Details

Keywords: Sean Silverthorne

01 Mar 2015
News

Ask the Expert: Inside the Fed

The Fed’s structure The Federal Reserve System is overseen by the Federal Reserve Board of Governors, an independent agency with seven members who are nominated by the President and confirmed by the Senate. The system is composed of 12... View Details

Keywords: Executive, Legislative, and Other General Government Support; Government; Monetary Authorities-Central Bank; Finance

01 Dec 2011
News

Professors Recognized with New Chair Appointments

in 2001 after teaching at the University of Michigan Business School. His research investigates the structured finance market and how investor reliance on rating agencies and unsound pricing models led to... View Details

31 Oct 2016
Research & Ideas

Quantitative Easing Didn’t Ease the Housing Crisis for the Neediest

mortgage insurance); the homebuyer’s credit score, and several other standards. The researchers found that the benefits of QE mainly accrued to conforming-mortgage borrowers, whose interest rates fell much... View Details

Keywords: by Carmen Nobel

01 Apr 2019
What Do You Think?

Does Our Bias Against Federal Deficits Need Rethinking?

created as tax revenues fail to keep up with expenditures. At some point, one rarely experienced in the United States, investors may become unwilling to fuel deficits with further loans. The result: a government’s credit View Details

Keywords: by James Heskett

Web

Introduction - The Product - The Human Factor – Baker Library | Bloomberg Center, Historical Collections

products. Independent ad agencies specialized in generating brand-name recognition for products through national advertising campaigns. Advertisements appearing in Ladies’ Home Journal, Saturday Evening Post, and Cosmopolitan exposed... View Details

29 Apr 2013
Research & Ideas

Are First-Time Buyers Left Out of Real Estate’s Rebound?

single-family homes. But all things considered, there is evidence that we may have turned the corner. Q: How successful have been the Obama Administration's efforts to loosen credit for individual homebuyers? A: It is, of course, much... View Details

Keywords: Construction; Real Estate

Web

Creating Value in Business and Government (HKS-HBS Joint Degree Seminar) - Course Catalog

HBS Course Catalog Creating Value in Business and Government (HKS-HBS Joint Degree Seminar) Course Number 5230 Senior Lecturer Andy Zelleke Fall; Q1Q2; 3.0 credits 10 Paper Educational Objectives This seminar will bring together students... View Details

01 Apr 1998
News

Emerging Information

offices in 18 countries. The firm's main product, ISI Emerging Markets, is a continually evolving resource of information covering emerging markets in Europe, Latin America, and Asia. Contracting with local information providers - from newspapers and stock exchanges to... View Details

Keywords: Paul Michelman

15 Jul 2008
First Look

First Look: July 15, 2008

structured finance instruments can be characterized as economic catastrophe bonds but offer far less compensation than alternatives with comparable payoff profiles. We argue that this difference arises from the willingness of rating View Details