Results 21 to 30 of about 57,771 (304)
CREDIT RATING AGENCIES AND THEIR EFFECTS: AN ANALYSIS ON BALKAN COUNTRIES
Journal of Process Management and New Technologies, 2021 The financial structure in the world has become more complex with the increase in global capital movements. For this reason, credit rating agencies have emerged as an important component of the financial structure.
Nuh Ekrem Yıldırım +2 more
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Are sovereign ratings by CRAs consistent? [PDF]
Panoeconomicus, 2015 This study is an attempt to compare and contrast the credit ratings granted by prominent agencies, the so-called Big Three namely S&P, Moody?s and Fitch, that dominate the market. The sovereign ratings are proven to motivate the CDS figures of countries empirically, and low ratings are known to increase the interest paid to liabilities ...
Saka Hami, Orhan Mehmet
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Risk, ambiguity, and sovereign rating [PDF]
International Economics and Economic Policy, 2014 Decisions of investing in sovereign assets involve both risk and ambiguity. Ambiguity arises from unknown elements characterizing the value of a generic sovereign. In presence of ambiguity, ambiguity-averse investors are prone to pay for obtaining summary information such as ratings which reduces ambiguity.
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First-mover disadvantage: The sovereign ratings mousetrap. CEPS Working Document No 2020/02, February 2020 [PDF]
, 2020 Using 102 sovereigns rated by the three largest credit rating agencies (CRA), S&P, Moody’s and Fitch between January 2000 and January 2019, we are the first to document that the first mover CRA (S&P) in downgrades falls into a commercial trap.
Klusak, Patrycja +2 more
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Sovereign ratings: Determinants and policy implications for India
IIMB Management Review, 2018 This paper studies sovereign rating models of Moody's, Standard & Poor's (S&P) and Fitch to identify important determinants of sovereign ratings. Ordered logit and probit are employed to check for robustness of empirical results.
Sanjay Sehgal +3 more
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Financialization, credit rating agencies, and “policy space”: The Brazilian experience [PDF]
Brazilian Journal of Political Economy, 2023 This paper analyzes the restrictions imposed by financialization on domestic policy space, especially in emerging economies, in light of the actions of credit rating agencies.
PEDRO LANGE NETTO MACHADO +1 more
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Does the disclosure of unsolicited sovereign rating status affect bank ratings? [PDF]
, 2016 This paper integrates three themes on regulation, unsolicited credit ratings, and the sovereign-bank rating ceiling. We reveal an unintended consequence of the EU rating agency disclosure rules upon rating changes, using data for S&P-rated banks in 42 ...
Alsakka, Rasha +2 more
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INVESTIGATING THE DETERMINANTS OF LONG-RUN SOVEREIGN RATING [PDF]
Financial Studies, 2014 The significance of sovereign rating for local and international investors is essential because in recent period many countries had problems concerning the payment of public loans.
Emilian - Constantin MIRICESCU
doaj
Sovereign Credit Rating Announcements and Baltic Stock Markets
Organizations and Markets in Emerging Economies, 2011 This study examines whether sovereign credit rating announcements convey price relevant information to investors in Baltic stock markets, and tests the degree of anticipation and price reaction.
Asta Klimavičienė
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Why rating agencies disagree on sovereign ratings [PDF]
Empirical Economics, 2018 This paper explores why rating agencies disagree on a country’s sovereign default risk. Specifically, we analyse the sovereign ratings of four agencies and their interactions on an empirical basis. Our findings indicate that the frequency of split ratings and their lopsidedness are the result of uncertainty and the use of different rating methodologies
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