Dr Daniel Cash

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From Mauritius #3: What If the Machine Is Better?

From Mauritius #3: What If the Machine Is Better?

The question came near the end of the panel that I was on in the second day of the 2nd Annual Conference on Credit Ratings in Mauritius. I am paraphrasing, but it went roughly like this: given how quickly AI models are improving and how great artificial intelligence may become,

The Hierarchy of Evaluative Authority: Credit Rating Agencies and the Limits of Evaluative Autonomy

The Hierarchy of Evaluative Authority: Credit Rating Agencies and the Limits of Evaluative Autonomy

Who Decides What Creditworthiness Means?

Who Decides What Creditworthiness Means?

From Mauritius #2: Learning the Rating Game

From Mauritius #2: Learning the Rating Game

From Mauritius #1: The Psychology of Building an Institution

From Mauritius #1: The Psychology of Building an Institution

Country Context and the Architecture of a Credit Rating

Country Context and the Architecture of a Credit Rating

Senegal’s Credit Story Changes Shape: What the debt treatment means for the sovereign’s ratings, creditors, and path back to market access

Senegal’s Credit Story Changes Shape: What the debt treatment means for the sovereign’s ratings, creditors, and path back to market access

Essays

The Hierarchy of Evaluative Authority: Credit Rating Agencies and the Limits of Evaluative Autonomy

The Hierarchy of Evaluative Authority: Credit Rating Agencies and the Limits of Evaluative Autonomy

Executive Summary In the spring and summer of 2026, three of the world’s most consequential financial institutions found themselves on the receiving end of a contest usually reserved for the governments and companies they evaluate. On 22 April, twenty-three Republican state attorneys general wrote to Fitch, Moody’s

Who Decides What Creditworthiness Means?

Who Decides What Creditworthiness Means?

When Does Development Assistance Succeed? Toward a Capability Doctrine for UK Development Policy

When Does Development Assistance Succeed? Toward a Capability Doctrine for UK Development Policy

The Desk Between: Syndicate Judgement and the Making of Sovereign Borrowing Costs

The Desk Between: Syndicate Judgement and the Making of Sovereign Borrowing Costs

What Would Make a Multilateral Credit Rating Agency Consequential?

What Would Make a Multilateral Credit Rating Agency Consequential?

The Discipline of Saying No: China’s Credit Rating Crackdown and the Historical Limits of Evaluative Authority

The Discipline of Saying No: China’s Credit Rating Crackdown and the Historical Limits of Evaluative Authority

The Missing Infrastructure of Development Finance: Aid, institutions, and the overlooked architecture of sovereign finance

The Missing Infrastructure of Development Finance: Aid, institutions, and the overlooked architecture of sovereign finance

Insights

From Mauritius #3: What If the Machine Is Better?

From Mauritius #3: What If the Machine Is Better?

The question came near the end of the panel that I was on in the second day of the 2nd Annual Conference on Credit Ratings in Mauritius. I am paraphrasing, but it went roughly like this: given how quickly AI models are improving and how great artificial intelligence may become,

From Mauritius #2: Learning the Rating Game

From Mauritius #2: Learning the Rating Game

From Mauritius #1: The Psychology of Building an Institution

From Mauritius #1: The Psychology of Building an Institution

Country Context and the Architecture of a Credit Rating

Country Context and the Architecture of a Credit Rating

Senegal’s Credit Story Changes Shape: What the debt treatment means for the sovereign’s ratings, creditors, and path back to market access

Senegal’s Credit Story Changes Shape: What the debt treatment means for the sovereign’s ratings, creditors, and path back to market access

When Evaluation Governs Development Finance

When Evaluation Governs Development Finance

The Competition for Africa’s Credit Architecture

The Competition for Africa’s Credit Architecture

Credit Ratings

More

From Mauritius #3: What If the Machine Is Better?

From Mauritius #2: Learning the Rating Game

From Mauritius #1: The Psychology of Building an Institution

Country Context and the Architecture of a Credit Rating

What Would Make a Multilateral Credit Rating Agency Consequential?

Development Finance

More

When Does Development Assistance Succeed? Toward a Capability Doctrine for UK Development Policy

The Desk Between: Syndicate Judgement and the Making of Sovereign Borrowing Costs

What Would Make a Multilateral Credit Rating Agency Consequential?

When Evaluation Governs Development Finance

Evaluative Capability: The Missing Infrastructure of Development Finance

Economic Governance

More

The Hierarchy of Evaluative Authority: Credit Rating Agencies and the Limits of Evaluative Autonomy

Who Decides What Creditworthiness Means?

Senegal’s Credit Story Changes Shape: What the debt treatment means for the sovereign’s ratings, creditors, and path back to market access

When Does Development Assistance Succeed? Toward a Capability Doctrine for UK Development Policy

The Desk Between: Syndicate Judgement and the Making of Sovereign Borrowing Costs