van de Ven, Rick; Dabadghao, Shaunak; Chockalingam, Arun - In: The Journal of Risk Finance 19 (2018) 5, pp. 478-512
Purpose: The credit ratings issued by the Big 3 ratings agencies are inaccurate and slow to respond to market changes. This paper aims to develop a rigorous, transparent and robust credit assessment and rating scheme for sovereigns. Design/methodology/approach: This paper develops a...