Climate change is an existential threat to the world economy like no other, with complex,
evolving and nonlinear dynamics that remain a source of great uncertainty. There is a …

The purpose of this study is to examine the determinants of the sovereign credit ratings
provided by the three major rating agencies: Fitch Ratings, Moody's and Standard and Poor …

Sovereign credit ratings are becoming increasingly important both within a financial
regulatory context and as a necessary prerequisite for the development of emerging capital …

This paper studies the impact of the subprime crisis on the ratings issued by the rating
agencies in evaluating the solvency of banks. After ascertaining a significant worsening of …

We provide a novel set of government spending efficiency scores for the OECD countries
and then assess to what extent capital markets perceive government efficiency increases …

In this paper we propose and test a methodology for constructing a credit rating model. We
follow a polytomous ordered probit analysis leading to the specification of statistically …

The central objective of this paper is to develop a transparent, consistent, self-contained,
and stable country risk rating model, closely approximating the country risk ratings provided …

Employing a random effects ordered probit model, this paper examines the sources of
heterogeneity in sovereign credit ratings in emerging economies. The analysis uses data …

The economic recession in the European countries during the current financial crisis and the
widespread worsening of the financial situation have resulted in wide macroeconomic …

Sovereign credit ratings are major indicators of a country's financial structure as they provide
an assessment of the creditworthiness of a country and its capability to meet its financial …