Are unsolicited credit ratings biased downward
By Winnie P. H. Poon. 2003
185 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/2afdf39b9681629afef76abe3f035b915b0f9112
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Citations in the corpus
- Rating opaque borrowers: why are unsolicited ratings lower? (2010, background): “Our results so far suggest that - with the exception of insurance companies - solicited and unsolicited ratings tend to differ not only from an ex-ante point of view as indicated by Poon (2003), Gan (2004) and Poon et al. (2009), but also from an ex-post perspective.”
- Credit Rating Agencies in Capital Markets: A Review of Research Evidence on Selected Criticisms of the Agencies (2007, unknown): “Following this logic, Poon (2003) examines the credit ratings of 256 issuers rated by S&P in fifteen countries during 1998-2000.”
- Tiebreaker: Certification and Multiple Credit Ratings (2009, background): “Bannier, Behr and Güttler (2010), like Poon (2003) and Poon and Firth (2005), investigate possible adverse selection and hold-up in the context of CRA and issuer incentives when CRAs issue ratings on an unsolicited basis.18 Inspired by the financial crisis and the allegations addressed at CRAs,…”
- The Economics of Solicited and Unsolicited Credit Ratings (2014, unknown): “…(2003) reports that issuers who chose not to obtain rating services from S&P have weaker financial profiles, which is consistent with 8A partial list includes Poon (2003), Gan (2004), Poon and Firth (2005), Van Roy (2006), and Bannier, Behr, and Güttler (2010). the “self-selection hypothesis.””
- Asymmetric benchmarking in bank credit rating (2012, unknown): “Firth (2005) and Poon et al. (2009) investigate banks ratings, their focus is on whether”