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The New Masters Of Capital: American Bond Rating Agencies And The Politics Of Creditworthiness (Cornell Studies In Political Eco,New Silbey And A Whole New GroupIn The New Masters Of Capital, Timothy J. Sinclair Examines A Key Aspect Of The Global Economythe Rating Agencies. In The Global Economy, Trust Is Formalized In The Daily Operations Of Such Firms As Moody'S And Standard & Poor'S, Which Continuously Monitor The Financial Health Of Bondissuers Ranging From Private Corporations To Local And National Governments. Their Judgments Affect Unimaginably Large Sums, Approximately $30 Trillion In Outstanding