Impacts of Sovereign Rating on Sub-Sovereign Bond Ratings in Emerging and Developing Economies

Impacts of Sovereign Rating on Sub-Sovereign Bond Ratings in Emerging and Developing Economies

This paper explores bond-level, issuer-level, and macro-level conditions that affect the distance between sovereign credit rating and sub-sovereign debt ratings. Over three-quarters of rated foreign-currency sub-sovereign bonds issued during 1990–2...

Full description

Bibliographic Details
Main Authors: Mohapatra, Sanket, Nose, Manabu, Ratha, Dilip
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
DOMESTIC FINANCIAL MARKETS
GLOBAL FINANCIAL CONDITIONS
INTERNATIONAL BONDS
MACRO-FINANCIAL LINKS
SOVEREIGN-CORPORATE LINKS
SOVEREIGN CREDIT RATING
SUB-SOVEREIGN DEBT RATING
TOBIT REGRESSION RATING
Online Access:http://documents.worldbank.org/curated/en/2016/03/26149694/impacts-sovereign-rating-sub-sovereign-bond-ratings-emerging-developing-economies
http://hdl.handle.net/10986/24160

Internet

http://documents.worldbank.org/curated/en/2016/03/26149694/impacts-sovereign-rating-sub-sovereign-bond-ratings-emerging-developing-economies
http://hdl.handle.net/10986/24160

Similar Items