What "hides" behind sovereign debt ratings?

In this paper we study the determinants of sovereign debt credit ratings using rating notations from the three main international rating agencies, for the period 1995-2005. We employ panel estimation and random effects ordered probit approaches to assess the explanatory power of several macroeconomi...

Full description

Bibliographic Details
Main Author: Afonso, António (author)
Other Authors: Gomes, Pedro (author), Rother, Philipp (author)
Format: workingPaper
Language:eng
Published: 2010
Subjects:
credit ratings
sovereign debt
rating agencies
panel data
random effects ordered probit
Online Access:http://hdl.handle.net/10400.5/2134
Country:Portugal
Oai:oai:www.repository.utl.pt:10400.5/2134

Internet

http://hdl.handle.net/10400.5/2134

Similar Items