We examine the relationship between credit ratings and bond yield spreads of peripheral countries in the euro area … (Greece, Ireland, Italy, Portugal and Spain) for the period 1995-2014. Since 2012, bond spreads of those countries have come … risk ratings on sovereign bond spreads has changed …

risk. We find that the bond purchase programs by central banks considerably lowered credit spreads. Also, the credit spread …

This paper provides evidence of ratings shopping in the corporate bond market. By estimating systematic differences in … issuers often delay less favorable ratings until after a bond is sold. Consistent with theoretical models of ratings shopping …

Expectations of risky bond payments are unobservable and recovery rates for sovereigns are hard to estimate because …

evidence on the informational value of bond ratings for financial investors. In this study we examine the relationship between … bond ratings and credit spreads for US corporate bonds using a Granger causality approach in panel data sets. The findings … indicate that ratings generally carry some informational value for corporate bond investors. The causal relationship is more …

-paid credit rating agencies. We investigate the lead-lag relationship for changes in bond ratings (BRs) and financial strength …

loomed large during the 2007-08 financial crisis, as the massive, unprecedented number of downgrades of AAA senior bond …