portfolios sorted by maturity and credit risk as measured by the issuer's "distance-to-default." The portfolios are constructed …

the roles played by volatility, illiquidity and debt maturity in driving debt runs, as well as on firms' capital adequacy …

We study the effect of a bond's place in its issuer's maturity structure on credit risk. Using a structural model as … motivation, we argue that bonds due relatively late in their issuers' maturity structure have greater credit risk than do bonds …

The purpose of this study is to examine the relationship between credit rating scales and debt maturity choices. A … debt maturity. Companies with medium ratings have longer debt maturity structure. Liquidity shows a negative association … with longer debt maturity structure. It is evident that at high rating scale with high liquidity, and at lower rating …