Peresetsky, Anatoly; Karminsky, Alexander - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2008
The paper presents an econometric study of the two bank ratings assigned by Moody's Investors Service. According to … Moody’s methodology, foreign-currency long-term deposit ratings are assigned on the basis of Bank Financial Strength Ratings … ratings. It appears that the observed rating degradation can be explained by growth of the banking system as a whole. Moody …