Are the Standards Too Poor? An Empirical Analysis of the Timeliness and Predictability of Credit Rating Changes

2005 ◽  
Author(s):  
Paul Robbe ◽  
Ronald J. Mahieu
Keyword(s):  
Empirical Analysis ◽  
Credit Rating ◽  
Rating Changes

Corporate Financing in Anticipation of Credit Rating Changes

2013 ◽  
Author(s):  
Anurag Narayan Banerjee ◽  
Chi-Hsiou Daniel Hung ◽  
Qingrui Meng
Keyword(s):  
Credit Rating ◽  
Corporate Financing ◽  
Rating Changes

Credit Rating Changes and Insider Trading

2017 ◽  
Vol 30 (4) ◽  
pp. 1457-1478
Author(s):  
Injoong Kim ◽  
Taekyu Kim
Keyword(s):  
Insider Trading ◽  
Credit Rating ◽  
Rating Changes

scholarly journals Impact of Sovereign Debt Credit Rating Revision on Banking Industry: Evidence from G7 Countries

2019 ◽  
Vol 8 (2) ◽  
pp. 85-100
Author(s):  
Reza Tahmoorespour ◽  
Mohamed Ariff ◽  
Alireza Zarei
Keyword(s):  
Sovereign Debt ◽  
Credit Rating ◽  
Banking Industry ◽  
Information Leakage ◽  
Market Prices ◽  
New Findings ◽  
Price Effects ◽  
Study Methodology ◽  
Rating Changes ◽  
Event Study Methodology

Abstract The aim of this study is to identify the economic impacts on G7 banking industry when sovereign rating is revised. We used event study methodology (t-statistics) and found that sovereign rating changes significantly affect share market prices. It seems that there is information leakage prior to sovereign rating announcement dates as released by the S&P: there are some negative price effects as well on mixed-type rating change effects, such as ‘rating watch’ announcements. These are new findings that may help to extend the sovereign rating literature in terms of findings from multiple countries, and on sustainability of debt taking.

scholarly journals Credit Rating Changes and Subordinated Bond Spread: Evidence from China

2015 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Robin Hang Luo ◽  
Jiaji Hao
Keyword(s):  
Credit Rating ◽  
Informational Content ◽  
Credit Rating Agencies ◽  
Sample Period ◽  
Bond Rating ◽  
Rating Agencies ◽  
Rating Changes ◽  
Statistical Results

We examine the bond spread reaction to subordinated bond rating changes during the sample period of 2006 to 2011 and find that bond spread reacted positively to downgrades, big in magnitude, but not statistically significant. The bond spread reaction to upgrades, however, was mixed and statistically insignificant, and small in magnitude. We conjecture that the insignificant statistical results regarding the effect of rating changes may be due to the lack of informational content of the ratings assigned to the subordinated bonds by Chinese credit rating agencies (CRAs). 

Credit Rating Changes and Earnings Management

2013 ◽  
Vol 42 (1) ◽  
pp. 109-140 ◽  
Author(s):  
Young S. Kim ◽  
Yura Kim ◽  
Kyojik “Roy” Song
Keyword(s):  
Earnings Management ◽  
Credit Rating ◽  
Rating Changes
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