La crisi finanziaria e l’impero dei “valutatori"

Since the beginning of the third millennium, there were two world crises in financial markets: it now appears that a third one is beginning. Underlying the phenomenon are the behaviours of key stakeholder investors, who assumed the role of short and very short term "speculators". However, it has to be recognized, among the causes of the crisis also the work of rating agencies, which sometimes have issued assessments, proved to be totally unreliable. This paper will also examine the possible effects of crisis on the economic and financial balance and, consequently, on the financial statement of companies, particularly referred to the Italian one.