Thesis Abstract

This research aims to explore the role of credit rating agencies in the financial system. Credit rating agencies play a crucial role in providing independent assessments of the creditworthiness of issuers of debt securities. However, their role and influence have been subject to criticism, particularly in the aftermath of the global financial crisis. This study will examine the functions and responsibilities of credit rating agencies, their impact on financial markets, and the regulatory framework governing their operations. The findings will contribute to the understanding of the role of credit rating agencies in the financial system and provide insights for policymakers and market participants

Thesis Overview