How Rating Agencies Achieve Rating Stability

By B. Maris. 2005

480 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e2b11b349396b0d97cc8334416ee593af147235d

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Richard M Cantor
2. J. Amato
3. Craig Furfine

In Finance

1. Richard M Cantor
2. J. Amato
3. Craig Furfine

Citations in the corpus

• Supply chain finance: From traditional to supply chain credit rating (2019, unknown): “There is some evidence that the change in the rating of a company is quite slow (Altman and Rijken, 2004) and thus the market clearly anticipates the change of the rating of a company (Kenjegaliev et al.”
• An introduction to recent research on credit ratings (2004, methodology): “Amato and Furfine, however, go further in demonstrating that rating changes exhibit very little cyclicality even after controlling for many of the financial and economic determinants of ratings. In the process of examining the determinants of credit ratings, Amato and Furfine also clear up some puzz”
• MODELING CREDIT RISK FOR SMEs: EVIDENCE FROM THE US MARKET (2013, unknown): “The EBITDA/total assets (EBITDA/TA) and the retained earnings/total assets (RE/TA) variables, following Altman and Rijken (2004), are transformed as follows: EBITDA/TA → -ln(1-EBITDA/TA), RE/TA → -ln(1-”
• Climate Regulatory Risks and Corporate Bonds (2020, unknown): “These results suggest that these market participants may have been responding to the announcements in ways that are consistent with existing research regarding differences between investors’ and credit ratings analysts’ actions, e.g., (Altman and Rijken, 2004; Gredil et al., 2019; L¨offler, 2005).”
• Capital Regulation, Risk-Taking and Monetary Policy: A Missing Link in the Transmission Mechanism? (2008, unknown): “…information (“point-intime” estimates); by contrast, the latter are more akin to unconditional measures, ie. they seek to abstract from the business cycle (“through-the-cycle” estimates), although they tend to do so only imperfectly (Amato and Furfine (2004), Altman and Rijken (2004, 2005)).”