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Credit Rating originated in the USA has spread out to the world since the 1980s. Credit risk is a risk that a borrower either through bonds or bank loans bears a possibility of being unable to pay interest and principal repayments in accordance with its agreement. Credit Rating influences not only corporate bonds and structured finance, but sovereign countries such as Greek economy, Japan's government bonds and even emerging country's economic performance. This book focuses on the activities of credit rating agencies in Asia of ten countries other than Japan including China, Korea, India, Thailand, Malaysia, Philippines, Pakistan, Bangladesh and Uzbekistan.
