The Ghost of a Rating Downgrade : What happens to Borrowing Costs When a Government Loses its Investment Grade Credit Rating?

The Ghost of a Rating Downgrade : What happens to Borrowing Costs When a Government Loses its Investment Grade Credit Rating?

Since the global financial crisis and the end of the commodity super-cycle, weak growth and countercyclical fiscal policy have contributed to deteriorating public finances in many countries across the globe. As public debt burdens rose, credit rati...

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Bibliographic Details
Main Authors: Hanusch, Marek, Hassan, Shakill, Algu, Yashvir, Soobyah, Luchelle, Kranz, Alexander
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
debt burden
credit ratings
sovereign debt
borrowing costs
Online Access:http://documents.worldbank.org/curated/en/2016/07/26549943/ghost-rating-downgrade-happens-borrowing-costs-government-loses-investment-grade-credit-rating
http://hdl.handle.net/10986/24672

Internet

http://documents.worldbank.org/curated/en/2016/07/26549943/ghost-rating-downgrade-happens-borrowing-costs-government-loses-investment-grade-credit-rating
http://hdl.handle.net/10986/24672

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