Results 31 to 40 of about 38,731 (202)
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.
openaire +1 more source
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2012 In this work we deal with the question of whether the evaluation of selected rating agencies is equivalent in some sense or not and whether it is possible to find a relationship between assessments. The fact that rating agencies affect not only financial
Kateřina Myšková, David Hampel
doaj +1 more source
Determinants of Sub-Sovereign Government Ratings In Europe
Transylvanian Review of Administrative Sciences, 2017 The aim of this paper is to identify the determinantsof the rating assigned to sub-sovereignentities in Germany, Austria, Belgium, France,Italy and Spain, using a total of 92 territorial entitiesfor the 1989-2012 period.
Nicolas JANNONE-BELLOT +2 more
doaj +1 more source
Annales Universitatis Mariae Curie-Skłodowska Sectio H, Oeconomia, 2023 Theoretical background: The sovereign creditworthiness and solvency in the context of the pandemic and war crises is one of the biggest challenges that the modern world and the financial market face.
Błażej Lepczyński, Piotr Pisarewicz
doaj +1 more source
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
openaire +1 more source
Determinants and Impact of Sovereign Credit Ratings [PDF]
SSRN Electronic Journal, 1996 n recent years, the demand for sovereign credit rat-ings—the risk assessments assigned by the creditrating agencies to the obligations of central govern-ments—has increased dramatically. More govern-ments with greater default risk and more companiesdomiciled in riskier host countries are borrowing in inter-national bond markets.
Richard Cantor, Frank Packer
openaire +3 more sources
IEEE Access, 2019 Our research aims to develop the regime switching Markov chain (RSMC), a discrete time Markov chain whose underlying regime is depending on a hidden Markov model, which express the dynamics of sovereign credit rating migration.
Sung Youl Oh +3 more
doaj +1 more source
Sovereign credit ratings, capital flows and financial sector development in emerging markets [PDF]
, 2007 How does the sovereign credit ratings history provided by independent ratings agencies affect domestic financial sector development and international capital inflows to emerging countries?
Kim, S, Wu, E
core +1 more source
Understanding sovereign credit ratings: Text-based evidence from the credit rating reports
Journal of International Financial Markets, Institutions and Money, 2023 We apply a novel approach to identifying the qualitative judgment of the rating committee in sovereign credit ratings by extending the traditional regression with new measures – sentiment and subjectivity scores – obtained by textual sentiment analysis methods.
Ursula Slapnik, Igor Lončarski
openaire +1 more source
Foreign asset expropriation and sovereign bond ratings in the developing world
Business and PoliticsResearch shows that foreign asset expropriation narrows long-term bond spreads, resulting in lower borrowing costs. However, no empirical studies have investigated the effects of expropriation on sovereign bond ratings.
Glen Biglaiser, Hoon Lee, Seong Hun Yoo
doaj +1 more source