A MODEL OF RATING OF EASTERN EUROPEAN BANKS

Lucian Gaban, IonuÈ› - Marius Rus and Alin Fetita
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Lucian Gaban: 1 Decembrie University, Alba-Iulia
IonuÈ› - Marius Rus: Babes-Bolyai University, Cluj-Napoca
Alin Fetita: Babes-Bolyai University, Cluj-Napoca

Revista Economica, 2017, vol. 69, issue 3, 42-56

Abstract: In this paper the authors apply a unique credit rating system on a sample of banks in Romania, Hungary, The Czech Republic and Poland, based on the CAMEL, PERLAS and Stickney models. The aggregate model correlates the results of these rating systems in an unique rating system according to ratings agencies Standard & Poor's, Moody's and Fitch scores. All these models are based on the financial ratios of performance, activity, capital adequacy, liquidity, equity and management. The results indicate that such evaluation is closed to the agencies' ratings as the final model aggregates the partial score of each model included.

Keywords: credit rating agencies; capital adequacy; bank rating (search for similar items in EconPapers)
JEL-codes: G15 G21 G24 G32 (search for similar items in EconPapers)
Date: 2017
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