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Fair or not? How credit rating agencies calculated their ratings during the Eurozone crisis

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); Online
Divisions: LSE
Subjects: H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 23 Mar 2017 09:38
Last Modified: 02 Jul 2020 23:14
URI: http://eprints.lse.ac.uk/id/eprint/70340

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