Credit Information in Emerging Markets: The Rating Agencies and Credit Risk Reports, Peruvian Experience

Diego Cisneros, Edmundo R. Lizarzaburu, Julio Quispe Salguero

Abstract


This paper seeks to develop a literature review within the main aspects of credit information in emerging markets,
important aspect considering that several companies, including the small enterprises, are looking forward to “go”
to capital markets. Thus, we will analyze the role of rating agencies and credit bureaus (credit risk report) in the
Peruvian market, considering the current state of economic growth that comes through and, the potential of
capital market that comes with MILA (Integrated Latin American Market). Besides, this information will become
relevant in the following months, because the actual financial crisis in several countries all over the world (focus
in Europe, but it could move to some BRICS – Brazil, Russia, India, China and South Africa – or Latam
Countries) has generated a new map in “rating scores” (Note 1) so the questions that we tried to answer is if this
unique change is relevant? Or it should be complemented in order to have a significant impact in the market and
for the investors.


Full Text: PDF DOI: 10.5539/ijbm.v7n24p35

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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