Sovereign Debt Sustainability Multilateral Debt Treatment and the Credit Rating Impasse

Explains that the reason for the failure of recent initiatives to alleviate the poorest countries' debt-related issues is an inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors, as they fear the credit rating agencies and the prospect of a downgrade: the 'Credit Ratings impasse'.

About the author

Daniel Cash is a Senior Lecturer at Aston University, UK, a Fulbright Scholar at New York University’s Stern Business School, and specialises in the regulation of the credit rating industry.

Summary

Explains that the reason for the failure of recent initiatives to alleviate the poorest countries’ debt-related issues is an inability to bring sovereign countries to the table to re-negotiate their debt agreements with private creditors, as they fear the credit rating agencies and the prospect of a downgrade: the ‘Credit Ratings impasse’.

Product details

• Authors: Daniel Cash
• Publisher: Taylor & Francis Ltd.
• Content: Book
• Product form: Hardback
• Publication date: 14.11.2022
• Subject: Social sciences, law, business > Law > Mercantile and commercial law
• EAN: 9781032198651
• ISBN: 978-1-0-3219865-1
• Pages: 144
• Series: Routledge International Studies in Money and Banking
• Subjects: BUSINESS & ECONOMICS / Corporate Governance, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Banks & Banking, BUSINESS & ECONOMICS / Finance / General, BUSINESS & ECONOMICS / Corporate Finance / General, Corporate Finance, International Economics, business strategy, Management of specific areas, International Finance, Management accounting & bookkeeping, BUSINESS & ECONOMICS / International / Economics & Trade, Credit and credit institutions, Credit & Credit Institutions, Banking law, Management accounting, bookkeeping and auditing, Multilateral Financial Institutions, sovereign risk analysis, African Debt Crisis, international financial governance, debt restructuring policy, credit rating agencies impact, private creditor negotiations in Africa