encouraged the usage of major Credit Rating Agencies (CRAs) such as Moody’s, Standard and Poor's, and Fitch as quasi governmental … rating agencies. To overcome the problem of informational asymmetry for the market participants, the Basel Committee on … evaluation of the new reporting proposals of BCBS within the critical role of the credit rating agencies. …

quantitative models and rating agencies are likely to produce highly inaccurate predictions of ratings during periods of financial …

quantitative models and rating agencies are likely to produce highly inaccurate predictions of ratings during periods of financial …

prior belief. This intercept heterogeneity suggests that each country's rating is assigned uniquely, after controlling for …

prior belief. This intercept heterogeneity suggests that each country's rating is assigned uniquely, after controlling for …

reasonably well. It appears that the observed rating degradation can be explained by the growth of the banking system as a whole …