Rating Change Probabilities An Empirical Analysis of Sovereign Ratings

Author/creator Bergen, Alex Author
Format Electronic
Publication InfoHamburg : Anchor Academic Publishing. ein Imprint der Diplomica Verlag GmbH
Description52 p. 08.270 x 05.830 in.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation This study analyzes the determinants of rating changes and the variables' marginal effects on rating change probabilities. Based on the results, it presents transition matrices by computing transition probabilities. Furthermore, this study analyzes subsamples of the data set, conditional on the business cycle and the economic strength of a country, by using interaction effects. The Author of this study thereby verifies whether or how the transition matrices change by including interaction effects. He applies a latent variable approach, using an ordered probit model, to calculate the effects of different variables on the probabilities of rating changes.
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9783954891566
ISBN3954891565 (Trade Paper) Active Record
Standard identifier# 9783954891566
Stock number01684695

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