Work

Sovereign Credit Ratings

Year: 1995

Type: preprint

Abstract: Sovereign ratings are gaining importance as more governments with greater default risk borrow in international bond markets. But while the ratings have proved useful to governments seeking market access, the difficulty of assessing sovereign risk has led to agency disagreements and public controversy over specific rating assignments. Recognizing this difficulty, the financial markets have shown some skepticism toward sovereign ratings when pricing issues.

Source: SSRN Electronic Journal

Authors: Richard Cantor, Frank Packer

Institutions: Moody's Corporation (United States), Bank for International Settlements

Language: English

Topic: Credit Risk and Financial Regulations

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1503319150

Cites:

Cited by: 41

Related to: 10