RECOVERY RATINGS IN THE EVENT OF SOVEREIGN DEFAULT ISSUERS. AN INVESTIGATION ON THE FACTORS WHICH INFLUENCE THEIR CALCULATION BY STANDARD & POOR’S

Emilian Miricescu ()

Theoretical and Applied Economics, 2008, vol. 11(528)(supplement), issue 11(528)(supplement), 93-99

Abstract: Recent events have shown that sovereign bonds issuers can be in default. In this situation, the amounts of money are very high and there are few measures that can be taken into account against them. For this reason, the participants on the international financial market have asked the rating agencies to estimate a probability which indicate the debts recovery. This paper focuses on recovery ratings assigned by Standard & Poor’s and Fitch to the sovereign speculative issuers. We will use the discriminant analysis to decide whether six quantitative factors are significantly influencing the recovery rating.

Keywords: recovery rating; bonds; financial market; informational asymmetry; discriminant analysis. (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.asociatiaeconomistilor.ro/documente/Conferinta_FABBV_engleza.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:93-99

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().