Assessing the Scholarly Landscape: A Bibliometric Journey through Credit Rating Agency Research

Abstract

Credit Rating Agencies play a crucial role in the financial markets by providing independent assessments of borrowers' creditworthiness. Rating agencies give useful information about performance and creditworthiness of companies, which aids in reducing information asymmetry and it serve as a signal for the likelihood of default which allows investors and market participants to make informed decisions . It is considered as powerful institutions capable of influencing bond and stock prices. The credibility of rating agencies has been question due to their role in the 2008 financial crisis. Their credibility may be impacted by a number of reasons. The study reviewed literature added in credit-rating agency domain from January 2004 to October 2023. Bibliometric analysis is used to comprehend the existing literature. The review recouped 237 research articles on Credit Rating Agency from the Scopus database and envisioned the data using VOS viewer software and Biblioshiny from R studio. We found that most of the studies emerged as after-effects of financial crisis reported in 2008. We have provided a feasible research agenda to further explore credit-rating agency domain. The study not only enhanced the understanding of the scholarly landscape within the scope of the study but also provided a comprehensive assessment of the literature.