Bachelor Thesis from the year 2010 in the subject Economics - International Economic Relations, grade: 2.0, University of Osnabr ck, language: English, abstract: To understand the roots of the capital markets and the rating agencies I want to start this Bachelor Thesis with a historical development. With introduction of the Issuer Pays Model and the proclamation of so called NRSROs there is the starting point for a long time discussion within the...