We study the effect of changes in firms' ESG ratings on the cost of debt of U.S. firms using a methodology change of an …

, our findings contribute to better assessing the consequences of the explicit (but not exclusive) reliance on CRAs ratings …

, our findings contribute to better assessing the consequences of the explicit (but not exclusive) reliance on CRAs ratings …

In this paper we study the determinants of sovereign debt credit ratings using rating notations from the three main …

-directional causality between ratings and spreads within 1-2 weeks; spillover effects especially from lower rated countries to higher rated …

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 …