investigation into the role of credit rating agencies (CRAs) in designing and marketing these products. We analyze a two … structure. When rating standards are low, the CRA will include only risky assets in the securitization pool, serving both types … of investors without any rating inflation. Rating inflation may be non-monotonic in rating standards, with no rating …

Credit rating agencies are frequently criticized for producing biased sovereign ratings. This article discusses how the … home country of rating agencies could affect rating decisions as a result of political economy influences and cultural …

Credit rating agencies are frequently criticized for producing sovereign ratings that do not accurately reflect the … economic and political fundamentals of rated countries. This article discusses how the home country of rating agencies could … affect rating decisions as a result of political economy influences and culture. Using data from nine agencies based in six …

In this paper, we empirically investigate the impact of intensified competition on rating quality in the credit rating … between large credit rating agencies (CRAs) (Moody's and Standard & Poor's) and newer smaller ones (Dominion Bond Rating … Service Morningstar and Kroll Bond Rating Agency) creates credit rating inconsistencies in the RMBS market. While a credit …

Credit rating agencies are frequently criticized for producing sovereign ratings that do not accurately reflect the … economic and political fundamentals of rated countries. This article discusses how the home country of rating agencies could … affect rating decisions as a result of political economy influences and culture. Using data from nine agencies based in six …

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. …

This paper investigates the behaviour of credit rating agencies (CRAs) using a natural experiment in monetary policy …. Specifically, we exploit the corporate QE of the Eurosystem and its rating-based specific design which generates exogenous variation …, rating upgrades were mostly noticeable for bonds initially located below, but close to, the eligibility frontier. In line …

This paper studies spillovers across sovereign debt markets in the wake of sovereign rating changes. We compile an … announcement is made, such as the anticipation through watchlistings and the interaction of similar rating actions by different …

This paper studies spillovers across sovereign debt markets in the wake of sovereign rating changes. To this end, we …