Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/79580
Authors: 
Matthies, Alexander B.
Year of Publication: 
2013
Series/Report no.: 
SFB 649 Discussion Paper 2013-003
Abstract: 
We report on the current state and important older findings of empirical studies on corporate credit ratings and their relationship to ratings of other entities. Specifically, we consider the results of three lines of research: The correlation of credit ratings and corporate default, the influence of ratings on capital markets, and the determinants of credit ratings and rating changes. Results from each individual line are important and relevant for the construction and interpretation of studies in the other two fields, e.g. the choice of statistical methods. Moreover, design and construct of credit ratings and the credit rating scale are essential to understand empirical findings.
Subjects: 
rating agency
credit ratings
through-the-cycle rating methodology
corporate governance
JEL: 
G20
G30
G32
G24
G34
Document Type: 
Working Paper

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