MODELING THE RATING OF ENERGY COMPANIES

Diana Andone, Gheorghe Fatacean and Paul Minteuan
Additional contact information
Diana Andone: BabeÈ™-Bolyai University Cluj-Napoca
Gheorghe Fatacean: BabeÈ™-Bolyai University Cluj-Napoca
Paul Minteuan: BabeÈ™-Bolyai University Cluj-Napoca

Revista Economica, 2017, vol. 69, issue 3, 8-18

Abstract: The methods of bankruptcy risk measure the past performance of the economic entity, informing the managers in a small proportion on its future. Financial results can rapidly degrade over time because of the economic environment. As a reaction to these practical requirements, the diagnosis of the default risk was developed with statistic methods based on the financial ratios. The aggregate rating model which we built is based on credit - scoring methods, banking methods and an own model based on financial ratios. Then we tested the aggregate model on the energy companies CNTEE TRANSELECTRICA SA and ENEL SpA based on multiple financial criteria, we found that our model is similar with Moody's, Standard & Poor's and Fitch models.

Keywords: Rating; Scoring; Liquidity; Bankruptcy (search for similar items in EconPapers)
JEL-codes: G32 G33 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://economice.ulbsibiu.ro/revista.economica/arc ... atacean&minteuan.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:blg:reveco:v:69:y:2017:i:3:p:8-18

Access Statistics for this article

More articles in Revista Economica from Lucian Blaga University of Sibiu, Faculty of Economic Sciences Lucian Blaga University of Sibiu, Faculty of Economic Sciences Dumbravii Avenue, No.17, postal code 550324, Sibiu, Romania. Contact information at EDIRC.
Bibliographic data for series maintained by Eduard Alexandru Stoica ().