Resumo

MARTINEZ CABANAS, Blanca Rubí; LADRON DE GUEVARA CORTES, Rogelio  e  MADRID PAREDONES, Rosa Marina. The role of rating agencies in the subprime crisis. Fides Et Ratio [online]. 2019, vol.17, n.17, pp.259-294. ISSN 2071-081X.

Abstract The purpose of this article is to present the conclusions of the analysis done about the role played by rating agencies in the development of the subprime financial crisis. A documental analysis was made about the actions carried out by the three main rating agencies: Standard and Poor, Moody's and Fitch, in the development and deepening of the subprime crisis. A favorable rating issued by these companies boosted the securitization of a certain financial instruments or issuers, but in the same way, their conflict of interest evolved into problems or failures in the world financial system.

Palavras-chave : Speculative bubbles; rating agencies; subprime financial crisis; ethics in finance.

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