rating changes
The economics of rating watchlists: evidence from rating changes
... to rating change ...of rating changes that were preceded by watchlist procedures with those that were ...using rating information from Moody’s, S&P and Fitch, they are able to comment on ...
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What drives credit rating changes?:a return decomposition approach
... credit rating agencies lack independence due to the issuers-pay-fees ...credit rating agencies’ competence in assessing credit risk, particularly with respect to rating mortgage-backed and structured ...
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The Impact of Rating Changes in Australian Financial Markets
... some rating changes were made late in the trading day, or simply that it is difficult to obtain accurate daily data on bond ...the changes by rating agencies, as would be expected if the ...
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Exogenous Credit Rating Changes and the Provision of Voluntary Disclosure
... observed changes in credit ratings are not accompanied by corresponding changes in the credit quality of the firm, we compare changes in the average five-year CDS spread across the groups of firms in ...
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Impact of ESG rating changes on share price performance
... SG rating changes to 0, we examine cumulative return versus the benchmark, assuming equal weight, for 260 trading days before and after ...of rating change (day ...
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The Impact of Credit Rating Changes in Latin American Stock Markets
... disregard rating changes of companies whose shares were not traded on dates close to the ...a rating change or Credit Watch on the same day we select the one that has the greatest absolute impact in ...
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Corporate financing and anticipated credit rating changes
... foresee rating changes for the …rm in the near future with greater precision than investors, based on their better knowledge of the …rm’s …nancial condition, their understandings about the agency’s ...
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Do Bond Rating Changes Affect Information Risk of Stock Trading?
... bond rating changes affect the information risk of stock ...bond rating changes should be negatively associated with stock information asymmetry based on the linkage among the following ...
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Credit rating changes’ impact on banks: evidence from the US banking industry
... As already mentioned, to explore the impact of credit rating changes on banks’ asset composition, profitability, leverage and size, the DD estimation method is employed. This method is widely used as a tool ...
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Credit Rating Changes and Post-M&A Firm Value: Assessing the importance of credit ratings changes as a motive for successful M&A
... In empirical studies referenced earlier, evidence from credit rating changes has shown greater significance in share price returns due to rating downgrades, than upgrades (Hand et al., 1992; Liu ...
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The Power of Credit Ratings - A study of credit rating changes’ effects on essential firm aspects
... Broad rating has an impact on capital structure decisions, valuation and firm performance of US ...credit rating changes had an effect on firms’ capital structure decisions, and to some extent an ...
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Rating changes and the impact on stock prices
... of rating changes should be the same for downgrades and upgrades, because if ratings bring new relevant information to the market, it should react regardless of the direction of the ...
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Corporate financing and anticipated credit rating changes.
... foresee rating changes for the …rm in the near future with greater precision than investors, based on their better knowledge of the …rm’s …nancial condition, their understandings about the agency’s ...
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The Stock Market Impact of Bond Rating Changes
... As stocks and bonds have been around for over a century, there has been much academic work on all aspects of these financial instruments and the companies that issue them. As time goes on, some of this work becomes ...
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Effect of E rating changes on share prices
... Note: Regular rebalancing of index carried out once a year, carried out on final trading day in July, downgraded stocks excluded from index according to the following rules. Stocks downgraded during the period excluded ...
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Credit Rating Announcements, Trading Activity and Yield Spreads: The Spanish Evidence
... actual rating downgrades, the release of negative rating indicators contains pricing-relevant ...that rating reviews may even be more useful to the debt markets than rating changes, ...
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The impact of reasons for credit rating announcements in equity and CDS markets
... a rating change for some firms either via a rating outlook or a rating review which could possibly slightly distort the ...for rating reviews and changes overlaps nevertheless does not ...
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Workers Compensation Insurance Experience Rating and Subsequent Employer Claims: The Wisconsin Experience *
... experience rating to measure its association with industry-level injury rates or have examined the effect of regulatory systems on safety-related ...experience rating and surveys of employers regarding ...
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Sovereign credit ratings and financial markets linkages: application to European data
... credit rating agencies (see, for instance, the survey by de Haan and Amtenbrink, ...debt rating notations, notably via the estimation of both linear estimation methods and ordered response models (see, for ...
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Sovereign credit ratings and financial markets linkages: application to European data
... credit rating agencies (see, for instance, the survey by de Haan and Amtenbrink, ...debt rating notations, notably via the estimation of both linear estimation methods and ordered response models (see, for ...
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