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Credit Rating Agencies (CRAs) have been a market entity relatively neglected by regulators and commenters, despite the increasing importance they have had in the 20th century financial markets development. Different legal system as United States of America and European Union have both recently...
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paper analyses the quantitative determinants of bank ratings, provided by Standard & Poor's, Moody's, and Fitch in the …, capital adequacy and operating performance are the key determinants of bank ratings across the rating agencies. However …, macroeconomic variables and market risk factors do not seem to be contributing factors in explaining bank ratings in either country …
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