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Sovereign Debt and Rating Agency Bias

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Sovereign Debt and Rating Agency Bias/ by D. Tennant, M. Tracey.
作者:	Tennant, D.
其他作者:	Tracey, M.
面頁冊數:	150 p.online resource. :
Contained By:	Springer Nature eBook
標題:	Risk management. -
電子資源:	https://doi.org/10.1057/9781137391506
ISBN:	9781137391506

Sovereign Debt and Rating Agency Bias
Tennant, D.

Sovereign Debt and Rating Agency Bias[electronic resource] /by D. Tennant, M. Tracey. - 1st ed. 2016. - 150 p.online resource.

Sovereign Debt and Credit Rating Bias rejects the notion that credit rating agencies' rigorous and transparent determination of ratings leaves no room for bias, and debunks the myth that the value CRAs place on their reputational capital precludes prolonged biases. To determine the extent of CRAs' biased actions, Tennant and Tracey apply a rigorous methodology to a well-established economic model of the determinants of sovereign debt quality. They present strong evidence of bias against poor countries and demonstrate how biased rating changes could disadvantage such countries and the companies operating therein as they seek access to international capital markets. They discuss plausible explanations for the bias and suggest remedial measures that would help ensure balance in credit rating changes. This book fills an important gap by rigorously examining a long-standing but often ignored concern about the rating practices of credit rating agencies.

ISBN: 9781137391506

Standard No.: 10.1057/9781137391506doiSubjects--Topical Terms:

559158
Risk management.

LC Class. No.: HD61

Dewey Class. No.: 658.155

Sovereign Debt and Rating Agency Bias
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