The Determinants of Brazilian Banks' Credit Rating Levels

Fabiano Guasti Lima, Camila Veneo C. Fonseca, Rodrigo Silveira and Alexandre Assaf Neto

RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), 2018, vol. 22, issue 2, 178-200

Abstract: The purpose of this study is to identify the determinants of listed Brazilian banks' credit ratings during the period 2006-2015. We applied an ordered logistic model, using an unbalanced panel. Results show evidence that profitability, liquidity, asset adequacy and quality, and size variables significantly affect bank credit-rating levels. Findings also suggested that credit ratings trended down, which could be explained by the significant contraction of economic activity in Brazil during the period.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:abg:anprac:v:22:y:2018:i:2:1268

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