A motivation for banks in emerging economies to adapt agency ratings when assessing corporate credit
South African Journal of Economic and Management Sciences, 2019 Background: This article considers whether South African banks should utilise the credit ratings provided by US-based credit rating agencies when assessing the creditworthiness of corporate borrowers.
Tanja Verster +4 more
doaj +1 more source
The economics of rating watchlists: evidence from rating changes [PDF]
Generally, information provision and certification have been identified as the major economic functions of rating agencies. This paper analyzes whether the watchlist (rating review) instrument has extended the agencies' role towards a monitoring position,
Bannier, Christina E., Hirsch, Christian
core
Sovereign Credit Rating Mismatches
Notas Económicas, 2018 We study the factors behind ratings mismatches in sovereign credit ratings from different agencies, for the period 1980‑‑2015. Using random effects ordered and simple probit approaches, we find that structural balances and the existence of a default in ...
António Afonso, André Albuquerque
doaj +1 more source
Have credit rating agencies become more stringent towards Japanese regional banks? [PDF]
This article investigates empirically whether foreign and domestic credit rating agencies tightened their standards for evaluating Japanese regional banks from 2000 to 2009.
Kondo, Kazumine
core +1 more source
A Comparison of Romanian Economy’s Macro Indicators with Other Countries That Have the Same Credit Score [PDF]
Global Economic Observer, 2020 Credit Rating Agencies have become active promoter of neo-liberal policies since 1980s, and a strong credit rating plays an important role in determining the cost of borrowing.
YILMAZ ONUR ARİ
doaj
Rating Agencies on the International Financial Market: an Approach in Terms of the Transaction Cost Economy [PDF]
Rating agencies, by the assigned risk grades, point out the quality of debtors and credit instruments in terms of the probability to cease payments and the recovery possibilities. The existence and development of rating agencies on the capital markets is
Monica DUDIAN
core
Do changes in sovereign credit ratings contribute to financial contagion in emerging market crises? [PDF]
, 2003 Credit rating changes for long-term foreign currency debt may act as a wake-up call with upgrades and downgrades in one country affecting other financial markets within and across national borders. Such a potential (contagious) rating effect is likely to
Kräussl, Roman
core +2 more sources
Sovereign credit ratings and their impact on recent financial crises [PDF]
, 2000 This paper discusses the role of the credit rating agencies during the recent financial crises. In particular, it examines whether the agencies can add to the dynamics of emerging market crises.
Kräussl, Roman
core +1 more source
Global financial orders and credit rating agencies: disruptions and adaptations [PDF]
Brazilian Journal of Political EconomyThis paper addresses the possible disruption of the global financial order (GFO) based on the behavior of S&P Global, Moody’s and Fitch Ratings, century-old rating agencies, in face of three potentially disruptive crises: the 2008 global financial crisis,
PEDRO LANGE MACHADO
doaj +1 more source
Zjawisko inflacji credit ratingów – czy występują różnice w determinantach credit ratingów?
Studia i Materiały, 2016 The aim of the paper was to verify the differences in the estimation of the factors affecting the banks’ credit ratings given the same issuers by two different rating agencies.
Patrycja Chodnicka-Jaworska
doaj +1 more source