An attempt is made to examine the extent of modified and unmodified split bond ratings on corporate bonds, specifically addressing the impact of the split ratings on bond yields. Data include ratings for the latest issued unsubordinated bond for 269 nonfinancial corporations from Moody's Bond ...
I study the information content of bond ratings changes using daily corporate bond data from TRACE. Abnormal bond returns over a two-day event window that includes the downgrade (upgrade) are negative (positive) and statistically significant, although the reaction to upgrades is economically small. ...
Otherinvestment graderatings are AA+, AA, AA-, A+, A, A-, BBB+, BBB, and BBB-. Bonds in this category are all considered to be at a low risk of default and of high enough quality for most financial institutions to invest in them. A rating of AA+ represents very high credit qual...
The top three bond rating agencies are private firms that rate corporate and municipal bonds based on the associated degree of risk. They sell the ratings for publication in the financial press and daily newspapers. Other bond rating agencies in the United States include Kroll Bond Rating Agency ...
This paper studies the impact of underwriters' reputation on corporate bond ratings and issuers' cost of bonds measured by their yield spread in China. By analyzing all corporate bond issues from the first issue in August 2007 to October 2014, this study finds that after controlling for the ...
Over the year to end - May gold was up by 25 % while corporate - bond spreads narrowed sharply. 截止今年五月底,金价上涨25%而企业债券利差大幅收紧. 互联网 They assign ratings both to entities issuing bonds and to spe - cific corporate bond issues. 它们给发售债券的公司和个别公司债券评级. ...
Bonds can also be designated “NR” (“not rated”) or “WR” (“withdrawn rating”) after a rating agency has withdrawn its own ratings for a variety of reasons, such as lack of credible information.
These findings have implications for managerial action choices. Hospitals seeking external funding to improve their operating performance may consider the costs and benefits of full insurance coverage. 展开 关键词: FINANCE BONDS -- Ratings & rankings HOSPITALS, Voluntary ...
2.They assign ratings both to entities issuing bonds and to spe-cific corporate bond issues.它们给发售债券的公司和个别公司债券评级。 3.Enterprise Bond Financing, Financial Risk, and Credit Rating: Evidence from China;我国企业债券融资、财务风险和债券评级 4.Initiating Dynamic Evaluation System to Per...
Standard Poors and Moodys provide independent safety ratings for corporate bonds. These ratings indicate how likely it is that the bondholder will be able to repay the loan. Lower rating bonds have to provide higher yields to attract investors, but represent higher risk. Ratings provide a ...