Rating Change Probabilities: An Empirical Analysis of Sovereign Ratings formatIsbn:Softcover - 9783954891566 Meines Erachtens kann eine ganzheitliche

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Rating Change Probabilities: An Empirical Analysis of Sovereign Ratings formatIsbn:Softcover - 9783954891566 Meines Erachtens kann eine ganzheitlicheThis study analyzes the determinants of rating changes and the variables' marginal effects on rating change probabilities. Based on the results, it presents transition matrices by computing transition probabilities. Furthermore, this study analyzes subsamples of the data set, conditional on the business cycle and the economic strength of a country, by using interaction effects. The Author of this study thereby verifies whether or how the transition