Feeling the heat: Climate shocks and credit ratings
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 …
evolving and nonlinear dynamics that remain a source of great uncertainty. There is a …
Which factors determine sovereign credit ratings?
C Mellios, E Paget-Blanc - The European Journal of Finance, 2006 - Taylor & Francis
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 …
provided by the three major rating agencies: Fitch Ratings, Moody's and Standard and Poor …
Modelling sovereign credit ratings: Neural networks versus ordered probit
JA Bennell, D Crabbe, S Thomas… - Expert systems with …, 2006 - Elsevier
Sovereign credit ratings are becoming increasingly important both within a financial
regulatory context and as a necessary prerequisite for the development of emerging capital …
regulatory context and as a necessary prerequisite for the development of emerging capital …
Impact of the subprime crisis on bank ratings: The effect of the hardening of rating policies and worsening of solvency
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 …
agencies in evaluating the solvency of banks. After ascertaining a significant worsening of …
Do financial markets reward government spending efficiency?
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 …
and then assess to what extent capital markets perceive government efficiency increases …
Credit rating model development: An ordered analysis based on accounting data
D Balios, S Thomadakis, L Tsipouri - Research in International Business …, 2016 - Elsevier
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 …
follow a polytomous ordered probit analysis leading to the specification of statistically …
Reverse-engineering country risk ratings: a combinatorial non-recursive model
PL Hammer, A Kogan, MA Lejeune - Annals of Operations Research, 2011 - Springer
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 …
and stable country risk rating model, closely approximating the country risk ratings provided …
A random effects ordered probit model for rating migrations
R Alsakka, O Ap Gwilym - Finance Research Letters, 2010 - Elsevier
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 …
heterogeneity in sovereign credit ratings in emerging economies. The analysis uses data …
Self-organizing maps as a tool to compare financial macroeconomic imbalances: The European, Spanish and German case
FJL Iturriaga, IP Sanz - The Spanish Review of Financial Economics, 2013 - Elsevier
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 …
widespread worsening of the financial situation have resulted in wide macroeconomic …
Predicting Sovereign Credit Ratings Using Machine Learning Algorithms
M Ekmekcioglu, T Kaya, K Tokmakcioglu - Global Joint Conference on …, 2022 - Springer
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 …
an assessment of the creditworthiness of a country and its capability to meet its financial …