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...
| Main Authors: | , , |
|---|---|
| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2016
|
| Subjects: | |
| 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 |