Essays about: "Credit Rating"

Showing result 6 - 10 of 142 essays containing the words Credit Rating.

  1. 6. Conservatism in Credit Ratings: A Comparative Study of Time-Varying Credit Rating Standards in Europe and the US, 1997-2023

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Ebba Bogfors; Elsa Persson; [2023]
    Keywords : Credit ratings; Rating quality; Rating conservatism; Rating standards;

    Abstract : Our paper reveals increased conservatism in credit ratings in both Europe and the US from 1997 to 2023, with the effect stabilizing after the financial crisis. On average, ratings have declined by more than three notches in Europe, signifying that a firm rated AAA in 1997, with constant financial characteristics, would receive a rating of AA- in 2023. READ MORE

  3. 7. Beyond Credit Ratings: The Role of (E)SG in Sovereign Debt Investments

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Oscar Wollmann; Filip Frisk; [2023]
    Keywords : ESG rating; Sovereign debt investments; Sovereign bond yields; Sustainability;

    Abstract : The study investigates the correlation between ESG performance and sovereign bond yield spreads using regression analysis. The results reveal a significant negative correlation between the Governance and Social indices and bond spreads, emphasising the importance of good governance practices and social stability in reducing the risk of sovereign debt default. READ MORE

  4. 8. Hybrid Instruments and the Role played by Credit Rating Agencies and IAS 32

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

    Author : Federico Renzi; Christoffer Abrahamsson; [2023]
    Keywords : Hybrid Instruments; IAS 32; Credit Rating; Equity; Debt;

    Abstract : Financial instruments with characteristics of equity (FICEs) are complex securities that have features lying in between equity and liability, making their classification particularly challenging. This paper has therefore explored several under-researched areas related to the issuance of FICEs by publicly trading European companies. READ MORE

  5. 9. The Impact of the Recession on Swedish Real Estate Companies : A Study of Financial Strategy and Risk Management of Companies with Different Credit Ratings

    University essay from KTH/Fastighetsföretagande och finansiella system

    Author : Greta Aronsson; Elsa Johannessen; [2023]
    Keywords : Credit Rating; Financial Strategy; Risk Management; Capital Structure; Capital Market Financing; Bank Financing; Real Estate Market; Kreditbetyg; Finansiell strategi; Riskhantering; Kapitalstruktur; Kapitalmarknadsfinansiering; Bankfinansiering; Fastighetsmarknaden;

    Abstract : The world's economies are in a turbulent phase where rising inflation has hit the global and Swedish economy hard. The Central Bank of Sweden has raised the policy rate expansively in recent months, with the intention of curbing inflation. READ MORE

  6. 10. Applying the Shadow Rating Approach: A Practical Review

    University essay from KTH/Matematik (Avd.)

    Author : Viktor Barry; Carl Stenfelt; [2023]
    Keywords : Shadow Rating; probability of default; low default portfolio; credit risk; statistical learning; financial regulation; Basel; Pluto and Tasche; Skuggrating; sannolikhet av fallissemang; lågfallissemangsportfölj; kreditrisk; statistisk inlärning; finansiella regelverk; Basel; Pluto och Tasche;

    Abstract : The combination of regulatory pressure and rare but impactful defaults together comprise the domain of low default portfolios, which is a central and complex topic that lacks clear industry standards. A novel approach that utilizes external data to create a Shadow Rating model has been proposed by Ulrich Erlenmaier. READ MORE