Mokoaleli-Mokoteli, Thabang - In: South African journal of business management 50 (2019) 1, pp. 1-10
investigates the financial risk factors that differentiate between credit rating downgrades and upgrades. Methods: The event study …' credit rating downgrades are announced, suggesting that only credit rating downgrades contain relevant pricing information …. The finding implies that the credit rating downgrades may lead to disinvestment from the economy, leading to deterioration …