Essays about: "credit rating agency"

Showing result 6 - 10 of 13 essays containing the words credit rating agency.

  1. 6. Credit Rating Impact on Information Environment : A study on the informational impact of credit ratings in financial markets using equity analysts’ performance as proxy

    University essay from Linnéuniversitetet/Institutionen för ekonomistyrning och logistik (ELO)

    Author : William Boer; Gustaf Bylund; [2016]
    Keywords : Credit rating; credit rating agency; efficient market; EMH; CRA; BKLS; Credit rating analyst; financial crisis; rating shopping; Kreditbetyg; Kreditinstitut; Effektiva marknader; Marknadseffektivitet; EMH; CRA; BKLS; Analytiker; Kredit analyitker; finanskris;

    Abstract : Title: Credit Rating Impact on Information Environment – A study on the informational impact of credit ratings in financial markets using equity analysts’ performance as proxy. Introduction: The credit rating agencies provide risk assessment for a massive amount of financial assets around the world. READ MORE

  3. 7. Credit Rating Changes and Post-M&A Firm Value: Assessing the importance of credit ratings changes as a motive for successful M&A

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Cameron Andrews; Emiliano Varrasi; [2015]
    Keywords : Credit Rating; Credit Rating Agency; Mergers Acquisitions; Firm Value; Event Study; Long Term Operating Performance; M A; Credit Rating Change; Business and Economics;

    Abstract : This research shows the impact of credit rating change (thereafter CRC) announcements on the combined entities following mergers and acquisitions. In looking at the effect of CRC announcements on share prices, we measure the level of influence that a credit upgrade or downgrade has on the equity value of firms. READ MORE

  4. 8. PIGS or Lambs revisited: Reassessing the Role of Rating Agencies in the European Sovereign Debt Crisis

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Steffen Nauhaus; [2014]
    Keywords : Rating agencies; Sovereign ratings; Eurozone; Euro Crisis;

    Abstract : This paper examines whether credit rating agencies have indeed played as active a role in the Euro crisis as previously asserted. Using panel data methods for a set of 11 EMU countries, it assesses the robustness of an earlier analysis to the inclusion of additional explanatory variables. READ MORE

  5. 9. Validation Techniques for Credit Risk Models - Applying New Methods on Nordea’s Corporate Portfolio

    University essay from KTH/Skolan för teknikvetenskap (SCI)

    Author : Katja Dalne; [2013]
    Keywords : ;

    Abstract :   Nordea, being the largest corporate group of its kind in Northern Europe, has a great need of evaluating its customers ability to repay a debt as well as the probability of bankruptcy. The evaluation is done by different statistically derived internal rating models, based on logistic regression. READ MORE

  6. 10. Stock Market Impact of Sovereign Credit Rating Announcements: The Case of GIIPS and BRIC countries during the European Sovereign Debt Crisis of 2009-2013

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Alexander Paterson; Delphine Gauthier; [2013]
    Keywords : Sovereign Credit Rating; Cumulative Abnormal Return; GIIPS; BRIC; Credit Rating Agency;

    Abstract : In this study, we analyse the effects of sovereign credit rating reviews on national stock market performances in GIIPS and BRIC countries during the European Sovereign Debt Crisis of 2009-2013. Through an event study, we test the Null Hypothesis that cumulative abnormal returns on national stock market indices are zero and find that sovereign debt downgrades produce negative cumulative abnormal returns for GIIPS countries, the effect being larger for small economies compared to big economies. READ MORE