IBAC

IBAC Introduction International Banking Credit Analysis Ltd (IBCA) was a leading European credit rating agency with offices in London, New York, Tokyo, Singapore, Hong Kong, Argentina, Brazil, South Africa, and Australia. IBCA produced and sold credit reports on more than 400 financial institutions worldwide and 100 corporations in Europe (Gaik Eng, 1999). It had 1500 subscribers and also received rating fees from institutions issuing commercial papers such as bonds. In the 1990s, two agencies, Standard & Poor's and Moody's dominated the international ratings industry. Both these agencies had a much wider scope of coverage than IBCA, which focused mainly on financial institutions, insurance companies, corporations and sovereign countries. IBCA Issue In this case analysis, IBCA faces some international barriers. First of all, their industry is highly competitive, with both local rating agencies, as well as foreign agencies, which in turn challenge their strategies for global expansion. To correspond with their challenges with global expansion, are the issues they face in their long-term prospects. These two issues actually harmonize with one another. Even with the highly competitive market, some developing industrial countries ( i.e. Southeast Asia), have a lot of growth potential for rating agencies, but some of their organizations are being forced by rating, ibca, market, latin, credit, asian, industry, agencies, american, growth, institutions, feel, america, moody’s, firms, financial, bargaining, two, threat, sp, position, markets, countries, competitive, power, potential, new, government, firm, example, competition, both, agency, rated, presence, players