Schweitzer, Robert; Szewczyk, Samuel H.; Varma, Raj - In: Managerial Finance 26 (2000) 2, pp. 31-41
Outlines previous research on the effects of bond rating changes on the share prices of US banks, noting opposing views on whether they contain new information. Examines revisions in analysts’ earnings forecasts for downgraded and non‐downgraded banks (separating regional banks from large...