The validity of credit rating agencies and their impact on an African reinsurer

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dc.contributor.advisor Holland, Mike en
dc.contributor.postgraduate Parbhoo, Neesha en
dc.date.accessioned 2016-05-04T13:45:16Z
dc.date.available 2016-05-04T13:45:16Z
dc.date.created 2016-03-30 en
dc.date.issued 2016 en
dc.description Mini Dissertation (MBA)--University of Pretoria, 2016. en
dc.description.abstract The purpose of this analysis is to determine whether the rating criteria used by the credit rating agencies is consistent for African-based reinsurers and non-African companies. A credit rating is an assessment of a large variety of information that needs to be known about the creditworthiness of the issuer or provider of financial instruments. The credit rating agencies thus contribute to solving principal-agent problems by assisting lenders in piercing the fog of asymmetric information that surrounds lending relationships and help borrowers emerge from that same fog (Fong, Hong, Kacperczyk, & Kubik, 2014). Credit rating agencies have been criticised for their role in the financial crisis of 2008 as they underestimated the credit risk associated with structured credit products. Yet, the financial crisis for emerging markets is a perennial one that they seemingly cannot recover from. Whilst the subject of poorly-rated reinsurance security is endemic to the emerging market, negligible research has been conducted to understand the problem or quantify its impact upon the reinsurance industry. This report is the first to focus on this specific problem in Africa and has managed to highlight arguments and themes that warrant further research and investigation in order to gain a deeper, more comprehensive understanding of the factors differentiating the African reinsurance sector and negatively impacting their competitiveness in their own market. en
dc.description.availability Unrestricted en
dc.description.degree MBA en
dc.description.department Gordon Institute of Business Science (GIBS) en
dc.description.librarian vn2016 en
dc.identifier.citation Parbhoo, N 2016, The validity of credit rating agencies and their impact on an African reinsurer, MBA Mini-dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/52289> en
dc.identifier.other GIBS en
dc.identifier.uri http://hdl.handle.net/2263/52289
dc.language.iso en en
dc.publisher University of Pretoria en_ZA
dc.rights ©2016 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. en
dc.subject UCTD en
dc.title The validity of credit rating agencies and their impact on an African reinsurer en
dc.type Mini Dissertation en


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