Essays about: "credit ratings announcements"
Showing result 1 - 5 of 12 essays containing the words credit ratings announcements.
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1. The Effect of Credit Rating Announcements
University essay from Lunds universitet/Företagsekonomiska institutionenAbstract : 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
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2. Reactions of the Nordic Stock Markets to changes in Credit Ratings
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : 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
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3. Altman versus Merton - Are corporate credit rating changes new information?
University essay from Lunds universitet/Företagsekonomiska institutionenAbstract : 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
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4. The effect of credit rating announcements in the Nordic stock market
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : Credit rating agencies’ influence on capital markets has been a highly debated topic in the last decades, as their power and impact have not been established with clarity. Different characteristics have been found especially between larger and smaller markets, which makes it interesting to investigate how the Nordic market as a smaller market reacts to credit changes. READ MORE
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5. 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 institutionenAbstract : 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
