Brief Analysis on Conflicts of Interest of Credit Rating Agencies



With the outbreak of the current US financial crisis and European sovereign debt crisis, the current credit rating system has indicated various problems, and especially the conflicts of interest are becoming more and more obvious. Based on the issuer-pays mode, this article analyzes the causes of such confl icts of interest from the angle of regulation of fi duciaries, including international regulation, and puts forward suggestions on solution of such confl icts.

Key words: Rating agency; Conflicts of interest; Fiduciary; Regulation


Rating agency; Conflicts of interest; Fiduciary; Regulation


Krugman, P. (2010). Berating the Raters. New York Times, A23.

YING, Juan, & ZHANG, Yixin (2006). Discussions on Charging Modes of Credit Rating Agencies. Shanghai Finance, (06), 73-75.

NIE, Feizhou (2011). Research on Legal Regulation of Credit Rating Agencies (Unpublished doctoral dissertation). Shanghai: Easter China University of Political Science and Law.

LI, Zhenyu, LI, Xinhong, & SHAO, Liqiang (2009). Principles of Credit Rating. Beijing: China Fang Zheng Press.

XU, Wanjun (2011). Analysis of Conflicts of Interest of Credit Rating Agencies and Revelation to the Credit Rating Industry in China. Business Information, (17), 85.

LI, Zhenghui, & ZHOU, Xiaoli (2008). Analysis of the Duty of Care of Directors. Journal of Wuxi Institute of Commerce, 8 (2), 47-50.

LIU, Zhongwei (2002). Comparative Research on Duty of Care. Law Review, (4), 50-53.

FENG, Wujun (2010). Increasing Appeals for Regulation of Credit Rating Agencies. Xinhua Daily, 6.

CHEN, Yeming (2009). Problems of Credit Rating Agencies Exposed in the Subprime Crisis and Their Causes. Economic Review, (04), 53.

CHU, Jianhui (2011). Research on Regulation of Conflicts of Interest of US Credit Rating Agencies. Journal of Henan College of Financial Management Cadres, (02), 73-76.

ZHANG, Jing, & TAN, Zhongming (2011). Behaviors of Conflicts of Interest of Credit Rating and Regulation Strategies. Business Studies, (414), 29-33.

FANG, Fang, & LIANG, Weichao (2011). Brief Analysis of Conflicts of Interest in Credit Rating Industry. Economic Vision (II), (6), 85.



  • There are currently no refbacks.


If you have already registered in Journal A and plan to submit article(s) to Journal B, please click the CATEGORIES, or JOURNALS A-Z on the right side of the "HOME".

We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases:;;

Copyright © Canadian Academy of Oriental and Occidental Culture

Address: 758, 77e AV, Laval, Quebec, H7V 4A8, Canada

Telephone: 1-514-558 6138

Http:// Http://,