Does the Percentage of Investment Grades Given by Rating Agencies Impact their Market Share?

The credit ratings industry has controlled by three core credit ratings agencies; Fitch, Moody’s and S&P that are contributing to financial markets by providing reliable and transparent credit ratings information on which stakeholders can rely. These key players could manipulate this information by allocating high percentages of quality ratings just for the sake of increasing their market shares. This research is conducting to examine the impact for assigning the percentage of investment grades given by CRA’s on their market share