کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5063358 | 1372221 | 2010 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Split sovereign ratings and rating migrations in emerging economies
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
کسب و کار و مدیریت بین المللی
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چکیده انگلیسی
This paper presents evidence on sovereign rating heterogeneity in emerging economies. Split rated sovereigns are prone to be upgraded (downgraded) by the agency from whom a lower (higher) rating exists. The harsher the split ratings between two agencies, the greater the effect on probabilities of future rating changes. Split ratings among Moody's, S&P and Fitch are influential on their rating migrations. The rating dynamics of Capital Intelligence, Japan Credit Rating Agency and Japan Rating & Investment Information are affected by their rating disagreements with the larger agencies. Only Moody's upgrade decisions are influenced by rating differentials with the smaller agencies.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Emerging Markets Review - Volume 11, Issue 2, June 2010, Pages 79-97
Journal: Emerging Markets Review - Volume 11, Issue 2, June 2010, Pages 79-97
نویسندگان
Rasha Al-Sakka, Owain ap Gwilym,