International finance management Research Paper

International finance management - Research Paper Example The issuers of the obligations/securities might include companies, various special purpose related entities, local governments, states, nonprofit seeking organizations and/or sovereign nations. There are various credit rating agencies which provide credit ratings. The agency or company which has been selected in this project is Moody’s Investors Service. Moody’s Investor Services Moody’s Investors Services, also referred as Moody’s, is a bond credit rating business under the Moody’s Corporation (Moody’s Corporation, 2011; Bloomberg Businessweek, 2013). It provides financial research on the bonds which are issued by the government and commercial entities along with Fitch Group and Standard & Poor’s. It is considered as one among the Three Big Credit Rating Agencies. ... It produces research for the government entities, corporations, and finance securities. The main objective of the business is helping the investors in assessing the credit risk. Moody’s Investors Service has set a goal of offering the best sought-after ‘credit’ opinions to all the sectors involved in the fixed income market. Moody’s Investors Services is one of the leading providers of the credit ratings and research & risk analysis. The expertise and commitment of the business contributes towards transparency and formation of integrated financial markets by means of protection of the integrity of credit. The ratings and analysis department of this business tracks debt of more than 115 different countries 10000 corporate issuers. 82000 finance obligations (structured). 22000 public finance issuance companies. These credit rating services provided by the business helps the investors in analyzing the credit risks related to the fixed income securities. The in dependent and accurate credit ratings as well as risk analysis contributes in the increase of efficiency in the fixed income markets and other related obligations like the insurance policies, derivative transactions etc, by means of offering independent and credible credit risk assessment guiding the investors (Moody’s Corporation, 2013b). ‘Moody’s default studies’ helps in validating the predictive ratings. The published research and investors briefings help in bringing in thousands or even more attendees every year and keeps the investors up to date with the rationale underlying the credit opinions. Functions in capital markets Closest competitors of Moody’s Investors Service are Fitch Group and Standard & Poor. These three