Essays about: "Rating Announcements"

Showing result 1 - 5 of 23 essays containing the words Rating Announcements.

  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. The Effect of Credit Rating Announcements

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Elisabeth Ekstedt; Hampus Hammarstrand; [2019]
    Keywords : Credit ratings; Abnormal returns; Event study; Financial crisis; Market comparison.; Business and Economics;

    Abstract : The purpose of this study is to further deepen the knowledge surrounding credit rating announcements and their impact on companies’ stock prices. Furthermore, the authors want to investigate whether the potential impacts differ between the US market and the European market, as well as previous to the financial crisis compared to post the financial crisis of 2007- 2009. 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 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