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Do Multiple Credit Ratings Affect Syndicated Loan Spreads?
Drago, Danilo - 2019
We analyse whether soliciting multiple ratings leads to lower syndicated loan spreads. Our results document that banks apply, on average, lower spreads to multi-rated firms. This effect depends on the reduction of information asymmetry about borrowers' creditworthiness (information production...
Persistent link: https://www.econbiz.de/10012900023
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Credit spread determinants : how loan officer seniority matters
Dupire, Marion; Lobez, Frédéric; Statnik, Jean-Christophe - In: Finance : revue de l'Association Française de Finance 42 (2021) 3, pp. 139-179
Persistent link: https://www.econbiz.de/10012792337
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Accounting-based compensation and debt contracts
Li, Zhi; Wang, Lingling; Wruck, Karen H. - 2018 - CURRENT DRAFT: February 2, 2018
's credit rating improves and CDS spread declines after LTAP grants, suggesting that LTAPs help reduce firms' credit risk …
Persistent link: https://www.econbiz.de/10011963302
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The impact of sovereign rating changes on European syndicated loan spreads : the role of the rating-based regulation
Drago, Danilo; Gallo, Raffaele - In: Journal of international money and finance 73 (2017), pp. 213-231
Persistent link: https://www.econbiz.de/10011787715
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Impact of multiple CDO ratings on credit spreads
Morkoetter, Stefan; Westerfeld, Simone - In: The journal of fixed income 19 (2009/10) 1, pp. 55-72
Persistent link: https://www.econbiz.de/10003875980
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The dynamics of rating based credit benchmark curves
Heidorn, Thomas; Schlamann, Sara - 2022
The paper models and analyses the dynamics of credit spread curves based on ratings over the period from 2004 to 2021 …) curves are constructed for all rating levels. The paper focuses on the EUR credit market which has grown significantly in … risk. We find that the bond purchase programs by central banks considerably lowered credit spreads. Also, the credit spread …
Persistent link: https://www.econbiz.de/10013207136
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A better criterion for forced selling in bond markets : credit ratings versus credit spreads
Choi, Jae Yong; Yi, Junesuh; Yoon, Sun-Joong - In: Finance research letters 37 (2020), pp. 1-8
Persistent link: https://www.econbiz.de/10012485057
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Ratings versus spreads as indicators of price risk
Fridson, Martin S.; Yavuz, Begum Ipek; Zhao, Kai; Yu, Yan - In: Journal of investment management : JOIM 17 (2019) 4, pp. 42-50
Persistent link: https://www.econbiz.de/10012254322
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Does rating analyst subjectivity affect corporate debt pricing?
Fracassi, Cesare; Petry, Stefan; Tate, Geoffrey - In: Journal of financial economics 120 (2016) 3, pp. 514-538
Persistent link: https://www.econbiz.de/10011590242
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On a new corporate bond pricing model with potential credit rating change and stochastic interest rate
Yin, Hong-Ming; Liang, Jin; Wu, Yuan - In: Journal of risk and financial management : JRFM 11 (2018) 4, pp. 1-12
In this paper, we consider a new corporate bond-pricing model with credit-rating migration risks and a stochastic …. The volatility of a corporate bond price may have a jump when a credit rating for the bond is changed. Moreover, the …
Persistent link: https://www.econbiz.de/10011960410