Results 31 to 40 of about 783,154 (338)
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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On Emerging Economy Sovereign Spreads and Ratings [PDF]
SSRN Electronic Journal, 2008 This paper analyzes alternative models for emerging sovereign ratings. Although a small number of economic fundamentals explain ratings reasonably well, variations in those economic fundamentals are themselves explained by a small number of world factors.
Andrew Powell, Juan Francisco Martínez
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Sovereign ratings and their asymmetric response to fundamentals [PDF]
Journal of Economic Behavior & Organization, 2014 Abstract The evolution of sovereign ratings is strongly asymmetric, as downgrades tend to be deeper and faster than upgrades. In other words, once a country loses its initial status it takes a long time to recover it. Using S&P data, we characterize “rating cycles” in terms of their duration and amplitude.
Carmen Broto, Luis Molina
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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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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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Sovereign Credit Ratings in Latin America and the Caribbean: History and Impact on Bond Spreads
Economía, 2019 In this study, we examine the history of sovereign credit ratings in Latin America and the Caribbean, the evolution of credit quality, and the relationship between rating changes and the cost of accessing external financing as reflected in the behavior ...
Inés Bustillo +2 more
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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
core
Failed Attempt to Break Up the Oligopoly in Sovereign Credit Rating Market after Financial Crises
, 2021 For decades, the credit rating market has been dominated by three major agencies (Moody's, S&P and Fitch Ratings). Their oligopolistic dominance is especially strong in sovereign credit ratings industry, where they hold a collective global share of more ...
A. Malewska
semanticscholar +1 more source