Sovereign Debt and Rating Agency Bias

Business & Finance, Industries & Professions, Insurance, Finance & Investing, Banks & Banking
Cover of the book Sovereign Debt and Rating Agency Bias by D. Tennant, M. Tracey, Palgrave Macmillan US
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: D. Tennant, M. Tracey ISBN: 9781137391506
Publisher: Palgrave Macmillan US Publication: August 15, 2017
Imprint: Palgrave Pivot Language: English
Author: D. Tennant, M. Tracey
ISBN: 9781137391506
Publisher: Palgrave Macmillan US
Publication: August 15, 2017
Imprint: Palgrave Pivot
Language: English

Sovereign Debt and Credit Rating Bias rejects the notion that credit rating agencies' rigorous and transparent determination of ratings leaves no room for bias, and debunks the myth that the value CRAs place on their reputational capital precludes prolonged biases. To determine the extent of CRAs' biased actions, Tennant and Tracey apply a rigorous methodology to a well-established economic model of the determinants of sovereign debt quality. They present strong evidence of bias against poor countries and demonstrate how biased rating changes could disadvantage such countries and the companies operating therein as they seek access to international capital markets. They discuss plausible explanations for the bias and suggest remedial measures that would help ensure balance in credit rating changes. This book fills an important gap by rigorously examining a long-standing but often ignored concern about the rating practices of credit rating agencies.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Sovereign Debt and Credit Rating Bias rejects the notion that credit rating agencies' rigorous and transparent determination of ratings leaves no room for bias, and debunks the myth that the value CRAs place on their reputational capital precludes prolonged biases. To determine the extent of CRAs' biased actions, Tennant and Tracey apply a rigorous methodology to a well-established economic model of the determinants of sovereign debt quality. They present strong evidence of bias against poor countries and demonstrate how biased rating changes could disadvantage such countries and the companies operating therein as they seek access to international capital markets. They discuss plausible explanations for the bias and suggest remedial measures that would help ensure balance in credit rating changes. This book fills an important gap by rigorously examining a long-standing but often ignored concern about the rating practices of credit rating agencies.

More books from Palgrave Macmillan US

Cover of the book Migrant Citizenship from Below by D. Tennant, M. Tracey
Cover of the book America's Challenges in the Greater Middle East by D. Tennant, M. Tracey
Cover of the book Leading Spiritually by D. Tennant, M. Tracey
Cover of the book The Disabled Body in Contemporary Art by D. Tennant, M. Tracey
Cover of the book Creating a Eurasian Union by D. Tennant, M. Tracey
Cover of the book Australia and the Bomb by D. Tennant, M. Tracey
Cover of the book The Financial Value of Entrepreneurship by D. Tennant, M. Tracey
Cover of the book Practical Sustainability by D. Tennant, M. Tracey
Cover of the book Justice and Peace in a Renewed Caribbean by D. Tennant, M. Tracey
Cover of the book The Arab Spring by D. Tennant, M. Tracey
Cover of the book The Sociology of Space by D. Tennant, M. Tracey
Cover of the book Imagining Motherhood in Contemporary Irish and Caribbean Literature by D. Tennant, M. Tracey
Cover of the book Whiteness, Weddings, and Tourism in the Caribbean by D. Tennant, M. Tracey
Cover of the book Heroin, Acting, and Comedy in New York City by D. Tennant, M. Tracey
Cover of the book Meanings of Violence in Contemporary Latin America by D. Tennant, M. Tracey
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy