public information. Overall, we find no evidence for a downward bias in unsolicited ratings …

countries, we investigate empirically if there is systematic evidence for a home bias in sovereign ratings. Specifically, we use … explained by the fundamentals of rated countries, our results provide empirical support for the existence of a home bias in … sovereign ratings. We find that the bias becomes more accentuated following the onset of the Global Financial Crisis and appears …

forecasts, this bias tending to be higher in countries with less investor protection. This forecast bias declined significantly …

, with a primary focus on the relative effects of positive and negative events. Positive or negative bias of such spill …-overs could impact the relative speed and depth of recessions versus recoveries. We find that such bias varies across countries …

countries, we investigate empirically if there is systematic evidence for a home bias in sovereign ratings. Specifically, we use … explained by the fundamentals of rated countries, our results provide empirical support for the existence of a home bias in … sovereign ratings. We find that the bias becomes more accentuated following the onset of the Global Financial Crisis and appears …