MOODY’S CATHOLIC RATINGS:
INSTITUTIONAL COMMUNICATION
OF THE CHURCH FOR ISSUING RELIGIOUS BONDS
MOODY’S CATHOLIC RATINGS:
INSTITUTIONAL COMMUNICATION
OF THE CHURCH FOR ISSUING RELIGIOUS BONDS
Author(s): Cristian MendozaSubject(s): Management and complex organizations, Sociology of Religion
Published by: Towarzystwo Naukowe KUL & Katolicki Uniwersytet Lubelski Jana Pawła II
Keywords: religious bonds; Catholic church management; church rating agencies; institutional com- munication of the Catholic Church;
Summary/Abstract: The issuance of religious bonds by some American Catholic dioceses is a model ofecclesiastical financing that works thanks to the institutional communication of the Church in theeconomic field. This procedure, by which important resources are obtained in case of emergency,requires from those responsible for the administration of temporal goods a creative and clear insti-tutional communication. Credit rating agencies present the financial situation of the diocese, es-pecially to obtain new investors. Diocesan administrators usually turn to the faithful when theyneed more resources, but this system of issuing religious debt in the stock market represents a noveleffort that can be imitated by other ecclesiastical entities.
Journal: Roczniki Nauk Społecznych
- Issue Year: 52/2024
- Issue No: 3
- Page Range: 53-66
- Page Count: 14
- Language: English
