Karminsky, Alexander; Hainsworth, Richard; Solodkov, Vasily - In: Eurasian Economic Review 3 (2013) 2, pp. 114-135
-trivial when more than three credit rating agencies are involved. We propose a method for comparing rating scales, and hence …Investors are being encouraged after the global crisis to reduce their dependence on the largest credit rating agencies … for risk assessments of companies and securities. Comparing risk assessments from different sources rapidly becomes non …