Essays about: "Credit Rating Announcement"

Showing result 1 - 5 of 15 essays containing the words Credit Rating Announcement.

  1. 1. The Effect of Credit Rating Announcements on the GICS Market Sectors

    University essay from Göteborgs universitet/Graduate School

    Author : Karl Rohlén; Tobias Rosén; [2021-06-30]
    Keywords : Abnormal returns; Rating Announcements; Credit Rating Changes; Credit Outlooks; Credit Reviews; Standard Poor’s; Moody’s;

    Abstract : The purpose of this paper is to test the effect on the GICS sectors stock returns found on the S&P 500 from credit rating announcements provided by Standard & Poor’s and Moody’s through an event study spanning from 2000 to 2019. We find that the GICS sectors exhibit different effects in stock returns, where the magnitude depends on the rating announcement. 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. Reactions of the Nordic Stock Markets to changes in Credit Ratings

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Reda Ben Larbi; Christoffer Ström; [2018]
    Keywords : Credit rating announcement; Business and Economics;

    Abstract : The relevance of credit ratings has seen augmented growth after the financial crises, especially in the Eurobond market, even though U.S. agencies have been criticised whether ratings are relevant information sources for international capital markets and if non-U.S. READ MORE

  5. 4. Credit rating impact on the CDS market: the case of PIIGS countries coving European debt crisis period

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Xiaoan Zhou; [2018]
    Keywords : Sovereign Credit Rating; Credit Rating Agencies; CDS market; Sovereign CDS spread; European debt crisis;

    Abstract : In this paper, I analyze the impact of sovereign debt rating to CDS market under PIIGS (Portugal, Italy, Ireland, Greece and Spain) context during the European Debt Crisis. Via panel regression, I find country's sovereign rating and outlook have significant impact on the CDS market during the pre-crisis period. READ MORE

  6. 5. The Quality of Financial Disclosure and its Implications on Stock Prices for Credit Downgraded Firms

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Alexandre Paiement; Zoriana Chura; [2016]
    Keywords : Business and Economics;

    Abstract : Over the last decade, financial disclosure and its impact on equity markets has increasingly become an area of interest. Firms suffering from poor operating performance have been shown to disclose bias earnings estimates as a means of evading negative market reactions. READ MORE