Essays on Credit Ratings

Anamaria Cociorva

204 SEK

Artikelnr: 978-91-7753-956-8 Kategori:

Beskrivning

This book investigates the role, as well as the accuracy of credit ratings, both for companies and countries. In the first article, I find that credit ratings capture financial constraints more effectively relative to other popular proxies. The second paper focuses on a change in the rules of a widely-followed bond index, and finds that there is a significant market response for the bonds affected by this change. This suggests that credit ratings also have a significant role for bond market segmentation. In the third paper, I find that sovereign ratings have become increasingly conservative over time. However, in my final paper, I focus on the method used for estimating rating ”conservatism”, and , by using a new, two-step model, I find that previous research has overestimated its magnitude.

Mer information

Vikt 414 g
Dimensioner 13 x 155 x 220 mm
Språk

Engelska

Antal sidor

220

Publikationsår

2019

Bandtyp

Häftad

ISBN

978-91-7753-956-8

Volym

144

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