Sovereign Debt and Rating Agency Bias (Hardcover, 1st ed. 2014)

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.

General

Imprint:	Palgrave Pivot
Country of origin:	United Kingdom
Release date:	December 2015
First published:	2016
Authors:	D Tennant • M. Tracey
Dimensions:	216 x 140 x 11mm (L x W x T)
Format:	Hardcover
Pages:	125
Edition:	1st ed. 2014
ISBN-13:	978-1-137-39710-2
Categories:	Books > Business & Economics > Finance & accounting > Finance > Banking Books > Business & Economics > Finance & accounting > Finance > Credit & credit institutions Books > Money & Finance > Banking Books > Money & Finance > Credit & credit institutions Promotions
LSN:	1-137-39710-1
Barcode:	9781137397102

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!