TY - JOUR T1 - Issuer Assessments of Credit Rating Agencies by Investment Grade JF - The Journal of Investing SP - 55 LP - 63 DO - 10.3905/joi.2002.319495 VL - 11 IS - 1 AU - H. Kent Baker AU - Sattar A. Mansi Y1 - 2002/02/28 UR - https://pm-research.com/content/11/1/55.abstract N2 - The authors examine the views of investment and non-investment grade industrial bond issuers about the four leading U.S. credit rating agencies. The issuers differ significantly in their attitudes about the rating agencies. While respondents are generally satisfied with the performance of credit rating agencies, their level of satisfaction is higher for S&P than for Moody's. The results have implications for bond market participants who rely on credit ratings for corporate financing, investment decisions, and risk management. ER -