Essays about: "thesis in credit rating agencies"

Showing result 1 - 5 of 14 essays containing the words thesis in credit rating agencies.

1. 1. 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

3. 2. Predicting Corporate Credit Ratings withMachine Learning Algorithms

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Ola Berger Bungum; [2017]
   Keywords : Credit ratings; machine learning; rating agencies; credit risk;

   Abstract : This thesis investigates the performance of machine learning models in predicting long-term issuer credit ratings, relative to the that of traditional statistical modeling approaches. Our dataset consists of 3,992 ratings by S&P, Moody's and Fitch of American non-financial, non-governmental companies, in the period 1 January 2010 through 1 September 2016. READ MORE

4. 3. Altman versus Merton - Are corporate credit rating changes new information?

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Anton Andersson; Joakim Brunnhage; [2016]
   Keywords : Credit ratings; Credit rating changes; Merton model; Altman Z-score; Business and Economics;

   Abstract : With the relative performance between accounting-based and option-based approaches for default prediction being a key subject in previous research, combined with criticism against the rating agencies’ timeliness in assigning credit ratings, surprisingly few attempts have been made to investigate the models’ usefulness in predicting corporate credit ratings. This thesis is the first to investigate the Merton and Altman’s Z-score models’ relative performance in predicting future credit rating changes. READ MORE

5. 4. Credit Risk Evaluation of Swedish SMEs : A Banking Sector Perspective

   University essay from Umeå universitet/Företagsekonomi

   Author : Maria Hörstedt; Johanna Linjamaa; [2015]
   Keywords : Credit Risk; Risk Evaluation; Banks; Financial Institutions; SME; Credit Ratings; Standard Poor’s; Capital Structure; Finance; Bank Loans; Qualitative; Quantitative;

   Abstract : As a result from the latest financial crisis, the banking industry has undergone major modifications during the last years in order to limit banks’ risks. A vast majority of existing literature tends to focus upon credit risk evaluation methods and techniques mainly concerning quantitative measures and large companies. READ MORE

6. 5. Regulating Credit Rating Agencies

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Aljoscha Janssen; [2014]
   Keywords : Credit Rating Agencies; Rating shopping; Two-sided Market; Regulation; Reputation;

   Abstract : The credit rating industry is characterized by a conflict of interest for credit rating agencies (CRAs). Although they should act as a neutral screening institution between issuers and investors, issuers of securities pay them. As a result, CRAs are incentivized to inflate ratings and issuers shop for favorable ratings. READ MORE