Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing

By Ramin P. Baghai, Henri Servaes, Ane Tamayo. 2013

292 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/f506d3ab0560b65884da9dbf291cde49a0cf5da0

Citations in the corpus

• Impact of the Dodd-Frank Act on Credit Ratings (2014, unknown): “Prior work shows that the properties of credit ratings change over time (see, for e.g., Blume, Lim, and Mackinlay, 1998; Baghai, Servaes, and Tamayo, 2014).”
• Climate Risk and Capital Structure (2019, unknown): “Similar to Baghai et al. (2014), we linearize these ratings from 1 to 20.”