We investigate agency variation in credit quality assessment (Standard and Poor's vs.
Moody's vs. Fitch) employing sovereign ratings data for 129 countries, spanning the period …

Credit rating agencies do not only disclose simple ratings but announce watchlists (rating
reviews) and outlooks as well. This paper analyzes the economic function underlying the …

Recent research establishes a negative relation between stock returns and dispersion of
analysts' earnings forecasts, arguing that asset prices more reflect the views of optimistic …

This paper analyses lead–lag relationships in sovereign ratings across five agencies, and
finds evidence of interdependence in rating actions. Upgrade (downgrade) probabilities are …

This paper analyses the effects of sovereign rating actions on the credit ratings of banks in
emerging markets, using a sample from three global rating agencies across 54 countries for …

We investigate the rating channel for the transmission of changes in sovereign risk to the
banking sector, analysing data from Moody's, S&P and Fitch before and during the …

I study the information content of bond ratings changes using daily corporate bond data from
TRACE. Abnormal bond returns over a two-day event window that includes the downgrade …

Financial regulators recognize certain credit rating agencies for regulatory purposes.
However, it is often argued that credit rating agencies have an incentive to assign inflated …

Вопрос измерения результатов деятельности является одним из основных при
подготовке управленческих решений. Кредитные рейтинги занимают особое место …

This paper examines the relationship between split bond ratings and bond yields at the
notch level for newly issued corporate bonds. We find that split rated bonds average a 7 …