Essays about: "Credit Rating Agency"

Showing result 1 - 5 of 13 essays containing the words Credit Rating Agency.

1. 1. Statistical Credit Rating with Survival Regression & Gradient Boosting

   University essay from KTH/Optimeringslära och systemteori

   Author : Simon Norell; [2021]
   Keywords : ;

   Abstract : This thesis concerns the application of statistical modelling of credit risk in corporate borrowers using historical loan data from the Swedish export credit agency Exportkreditnämnden (EKN). Survival Regression in general and the Cox Proportional Hazard (CoxPH) model in particular is presented as a framework applicable to corpoate default and better suited than classification for modeling the binary default outcome of risk exposure data with inconsistent exposure times. READ MORE

3. 2. How much new information does a credit rating announcement convey to the financial markets? : A comparison before and after the 2008 global financial crisis

   University essay from Linnéuniversitetet/Institutionen för nationalekonomi och statistik (NS)

   Author : Simon Otterberg; August Zetterberg; [2020]
   Keywords : Event study; finance; credit rating; credit rating agency; information content; stock market;

   Abstract : Background: The credit rating agencies have been heavily contested and criticized. In addition to this, other informational sources may potentially deliver the information that the CRA is intended to provide. This may have changed their role in reducing information asymmetry in the financial market. READ MORE

4. 3. The Effects of Corporate Social Performance (CSP) on Credit Ratings - Evidence from the European Market

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Gustav Johannesson; Oscar Zedendahl; [2019]
   Keywords : Corporate Social Responsibility CSR ; Corporate Social Performance CSP ; ESG Factors; Credit Ratings; European Rating Market; Business and Economics;

   Abstract : Purpose: The purpose of this thesis is to fill the existing research gap in Europe by examining the effect of corporate social performance (CSP) on firms’ credit ratings. Methodology: Through a quantitative research strategy, we examine the relationship between CSP and firms’ credit rating using a fixed effects regressions analysis based on a panel data set. READ MORE

5. 4. The Informational Value of Credit Rating Actions - The European Case of the Stock Market Reaction to Credit Rating Agencies' Announcements

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Magdalena Bator; Karolina Kropa; [2017]
   Keywords : credit rating change; watch; outlook; credit rating agency;

   Abstract : The paper applies the event study methodology to investigate the impact of credit rating events including outlook, watch, and rating change announcements (rating events) on share prices in Europe. In general, statistically significant, however, weak market reaction to negative rating events is found. READ MORE

6. 5. Earnings Management and the Cost of Publicly Issued Debt

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Patrik Wajnsztajn; Caroline Heintz; [2016]
   Keywords : Earnings management; bond yields; credit ratings; Credit rating agencies; IFRS.; Business and Economics;

   Abstract : The purpose of this study is to empirically test whether earnings management (both accruals-based and real) has an impact on the cost of public debt (approximated by credit ratings and bond yields) issued on the European bond market. Using a cross-sectional approach, accruals-based and real earnings management are estimated. READ MORE