The importance and criticism of credit ratings
Credit Rating Changes and Post-M&A Firm Value: Assessing the importance of credit ratings changes as a motive for successful M&A
... signal- credit rating change announcements post-M&A, has been vetted through two event studies to analyze its impact on abnormal ...of credit rating changes after an M&A has been ...of credit rating ...
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Sovereign credit ratings
... In the second model more explanatory variables are allowed in order to find out if they can improve the understanding of sovereign credit ratings. The variables are: debt to exports, export growth, short- ...
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The credit ratings game
... The other major robustness issue we explore is how our analysis is modi…ed if reputation costs are endogenized in a fully speci…ed dynamic model. The endogenous reputation cost from being caught in‡ating ratings ...
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Statistical Modeling for Credit Ratings
... multiple ratings assigned by different raters to one firm at the same point in time can be assumed to be ...the ratings assigned over several ...the credit risk measure employed in assessing ...
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Are Credit Ratings Valuable Information?
... the importance of these ratings has even increased as the so- called "Basle II Capital Accord" requires that banks use external or internal ratings for determining the interest rate for individual ...
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Forecasting Bank Credit Ratings
... term ratings of ...these ratings within reasonable margins of accuracy is of great importance first of all to ...all ratings are regularly updated and reported ...The importance of a ...
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Credit Ratings With Endogenous Assets
... heavy criticism for their role in the sub prime mortgage crisis, and poor ratings performance were often cited as evidence of failure of the ...of criticism, opponents would point to the rating ...
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Are Credit Ratings Valuable Information?
... the importance of these ratings has even increased as the so- called "Basle II Capital Accord" requires that banks use external or internal ratings for determining the interest rate for ...
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Are Sovereign Credit Ratings Overrated?
... that credit rating announcements strongly a¤ect the borrowing cost of a ...that credit rating agencies may reveal to …nancial markets important information about creditworthiness of a debt issuer, beside ...
Novel Approaches on Sovereign Credit Ratings
... Sovereign credit rating is determined using quantitative and qualitative features devel- oped by the CRAs, taking into account the economic and political risks of the ...the importance of credit ...
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Credit ratings and credit risk
... corporate credit ratings relevant to investors concerned about credit ...that ratings relate to two economically di¤erent aspects of credit risk: raw default probability (expected ...
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Credit ratings and credit risk
... to ratings and why ratings are strongly related to bond risk ...capture credit risk over long horizons and change little over the business ...setting ratings may possibly end up capturing ...
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Are Credit Ratings Subjective? The Role of Credit Analysts in Determining Ratings *
... long-term ratings on a watch for a ...to ratings downgrades than to ...long-term ratings outlooks provided by the ...setting ratings and in making short-term projections about movements in ...
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Divergence in credit ratings
... Reuse This article is distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivs (CC BY-NC-ND) licence. This licence only allows you to download this work and share it with others as long as ...
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The credit ratings game
... for ratings: “Typically the rating agency is paid only if the credit rating is issued” 9 ...the credit rating industry: The SEC created the Nationally Recognized Statistical Rating Organization ...
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The Credit Ratings Game
... for ratings: “Typically the rating agency is paid only if the credit rating is issued” 9 ...the credit rating industry: The SEC created the Nationally Recognized Statistical Rating Organization ...
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Importance of Municipal Bond Ratings
... of credit quality Measures the risk to the investor that issuer will default, both the willingness and ability to pay Independent, objective & relative assessments of both qualitative & quantitative ...
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Inside the Ratings: What Credit Ratings Mean
... finance ratings are generally referred to as having a time horizon of 3-5 years, this being the period of greatest visibility for an entity’s ...finance ratings will incorporate some elements that are ...
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Credit Ratings, Credit Default Swaps and Credit Correlation
... industry; ratings were enshrined in regulation but the rating agencies were not themselves ...consequence, credit ratings were at the center of the mortgage, sub-prime and structured products crisis ...
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Credit Ratings and Capital Structure
... a credit rating designated with a plus or minus ...on credit quality determinates, the top third and lower third of firms within ratings issue less debt relative to equity than firms that are in the ...
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