Boumparis, Perikilis, Milas, Costas and Panagiotidis, Theodore (2017) Fair or not? How credit rating agencies calculated their ratings during the Eurozone crisis. LSE European Politics and Policy (EUROPP) Blog (23 Mar 2017). Website.
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Abstract
Credit rating agencies received a great deal of criticism during the Eurozone crisis, but what actually explains the changes that occur in a country’s credit rating? Drawing on new research, Periklis Boumparis, Costas Milas and Theodore Panagiotidis write that ratings agencies have responded differently to low-rated and high-rated Eurozone countries. Regulatory quality and competitiveness have a stronger impact for low rated countries, while GDP per capita is a major driver for high rated countries. The creditworthiness of low rated countries also takes a much bigger ‘hit’ than that of high rated countries when European policy uncertainty is on the rise.
| Item Type: | Online resource (Website) |
|---|---|
| Official URL: | http://blogs.lse.ac.uk/europpblog/ |
| Additional Information: | © 2017 The Author(s) |
| Divisions: | LSE |
| Subjects: | H Social Sciences > HG Finance H Social Sciences > HJ Public Finance J Political Science > JN Political institutions (Europe) |
| Date Deposited: | 23 Mar 2017 09:38 |
| Last Modified: | 14 Sep 2024 01:13 |
| URI: | http://eprints.lse.ac.uk/id/eprint/70340 |
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