FENOMENUL DE RATING FINANCIAR
FINANCIAL RATINGS PHENOMENON

Summary/Abstract: This paper aims to present the notion of financial rating, a "young" concept on the financial market. This concept has entered the market because of the major transformations incurred by financial systems which have determined the emergence of certain risks the market has to face. As a necessity of measuring, managing and controlling risk rating agencies have been founded. în this paper we have attempted to present a brief chronological evolution of the financial rating, the main systems used by major financial rating agencies and their market position reported for the current state of crisis.

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