Schweitzer, Robert; Szewczyk, Samuel H; Varma, Raj - In: The Financial Review 36 (2001) 4, pp. 139-55
We find that debt downgrades of money center banks elicit negative stock price responses in nondowngraded money center banks. Stock prices of larger regional banks also react to these downgrades. Although downgrades of regional banks evoke negative stock price responses for regional banks in the...