Hau, Harald; Langfield, Sam; Marquez-Ibanez, David … - Bangor Business School, Bangor University - 2012
This paper examines the quality of credit ratings assigned to banks in Europe and the United States by the three … largest rating agencies over the past two decades. We interpret credit ratings as relative assessments of creditworthiness … rating agencies assign more positive ratings to large banks and to those institutions more likely to provide the rating …