Similar Search Results

Repeated Interaction and Rating Inflation : A Model of Double Reputation

Frenkel, Sivan - 2015

Credit-rating agencies have an incentive to maintain a public reputation for credibility among investors but also have … an incentive to develop a second, private reputation for leniency among issuers. We show that in markets with few issuers … form a “double reputation.” The model extends the existing literature on “cheap-talk” reputation to the case of two …

Persistent link: https://www.econbiz.de/10013036167

Are Sovereign Ratings by CRAs Consistent?

Saka, Hami - 2020

This study is an attempt to compare and contrast the ratings granted by prominent agencies, the so-called Big Three namely S&P, Moody's and Fitch that dominate the market. The sovereign ratings are proven to motivate the CDS figures of countries empirically, and low ratings are known to increase...

Persistent link: https://www.econbiz.de/10012856236

Asymmetrische Informationsverteilung im Kapitalmarkt : wie und wann interne und externe Ratings zur Problemlösung beitragen können ; Wettbewerbsbeitrag im Rahmen des Postbank Finan...

Böcher, Clemens; Eisele, Jörg; Hartmann-Springorum, … - 2007

Persistent link: https://www.econbiz.de/10003717574

Special issue on: The economics of credit rating agencies

Ferri, Giovanni (contributor); … - 2015

Persistent link: https://www.econbiz.de/10011401044

Assessing Global Regulatory Impacts of the U.S. Subprime Mortgage Meltdown : International Banking Supervision and the Regulation of Credit Rating Agencies

Caliari, Aldo - 2012

This paper takes a look at two areas where the subprime crisis has triggered debate and is paving the way for possible movement towards greater global regulation: international banking supervision and the role of credit rating agencies. It surveys the varied range of opinions on the role that...

Persistent link: https://www.econbiz.de/10013101424

Sovereign credit rating : questionable methodologies

Naciri, Ahmed - 2017

1. Introduction to the book -- 2. General sample and general methodology -- 3. Sovereign credit universe -- 4. Macroeconomic environment of sovereign default -- 5. The history of sovereign ratings and the emergence of the three major sovereign credit agencies -- 6. Agencies' methodology for...