International credit rating agencies and their effects

In the globalizing world economy, on increasing diversity in financial markets accelerating domestic capital transfers abroad and its development has greatly increased. Investors will be able to purchase their capital from all kinds of companies, institutions and organizations or while focusing on projects they can partner with or to financial institutions, while providing credit debt transfer to states country risk factors may encounter asymmetric information problems. In the developing and growing world, investors in the face of the change of economic, social and political factors refrains from investing in risky areas, for every investment waste of time in detailed analysis and be costly. Therefore emerging credit rating agencies, It has a worldwide accepted scoring system and adhering to the principle of transparency, independence and reliability, in auditing corporate financial strength and has an important function in promoting the efficient operation of financial resources. The other case is, rating above or below the evaluated reports, in addition to job descriptions failure to disclose on what basis the assessed organizations were determined, sufficient experience of the board of directors and their lack of foresight, lack of accurate determinations in crisis environments and failure in many financial structures are subject to negative criticism. But general opinion, even in these cases, some rating agencies, rating result for profit not making the right decisions, not anticipating crises even economies emerging from crisis conditions different assessments of their needs, country or company etc. although economic development they are said to have the same note appearance. These indicators contrary to the principles of rating agencies and cause a loss of trust leads to withdrawal of investments from the country or financial system. To counter this, credit rating agencies It is recommended that they make ratings more openly and regain the trust of the public. In this study, credit rating agencies historical development, organizational structures, their role and functions in the market system, the services they offer, negative comments, considering the rating criteria, on the other hand, investments and evaluations of the processes on finance-bank are discussed. Key Words: Credit Rating, Credit Rating Agencies, Foreign Direct Investments, Finance-bank interactions.