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Sovereign Debt and Credit Rating Bias by David F. Tennant, Marlon R. Tracey

Sovereign Debt and Credit Rating Bias David F. Tennant, Marlon R. Tracey ebook
ISBN: 9781137397102
Format: pdf
Publisher: Palgrave Macmillan
Page: 150

We define a “home bias in sovereign ratings” as a deviation of the rating such systematic empirical evidence about sovereign debt ratings. Failure are separated into informational, analytical, revenue bias, and other Keywords: Credit ratings, debt, early warning, risk, sovereign, vulnerability. Debt-Funded Sikorsky Acquisition Tempers Favorable Ratings Bias; Outlook Now Stable Senior Unsecured Regular Bond/Debenture, Affirmed Baa1 the largest provider of information services to the US government. 2.3 Did Credit Rating Agencies trigger the Financial Crisis? Keywords: Banks, Home Bias, Government Bond Yields, Debt Sustainability, Banks' Domestic Sovereign Holdings/Total Bank Assets and Public Debt . This article discusses how the home country of rating agencies could af. The Credit called for restrictions on the role of CRAs in rating sovereign debt and for increased revenue incentives of a CRA are such that ratings may be biased upwards. Equation estimates of how regime type affects bond ratings (or interest rates) may run afoul of selection bias. Moreover, the rating biases of analysts carry through to credit firms' outstanding debt and the terms offered on new public debt issues. Of development aid, the role of economic freedom, and credit rating agencies. Self-defeating a bias toward issuers makes sovereign debt more risky. Keywords: Sovereign debt ratings, credit rating agencies, home bias, international finance,cultural distance, culture, bank exposure.