Asset Opaqueness and Split Bond Ratings
Miles Livingston,
Andy Naranjo and
Lei Zhou
Financial Management, 2007, vol. 36, issue 3, 49-62
Abstract:
We examine the relation between asset opaqueness and split ratings. We find that firms with asset opaqueness problems are more likely to receive split bond ratings from Moody s and S&P rating agencies. Our results suggest that there is a causal link between asset opaqueness and split ratings.
Date: 2007
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https://doi.org/10.1111/j.1755-053X.2007.tb00080.x
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Persistent link: https://EconPapers.repec.org/RePEc:bla:finmgt:v:36:y:2007:i:3:p:49-62
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