Has the crisis affected the behavior of the rating agencies? Panel evidence from the Eurozone
Costas Milas () and
Theodore Panagiotidis ()
Economics Letters, 2015, vol. 136, issue C, 118-124
We examine the determinants of credit ratings for the Eurozone countries over the period 2002–2013 within a panel framework that allows for cross-sectional dependence. We find that government debt and the cumulative current account exert a stronger impact on ratings post-2008 compared to the period before.
Keywords: Credit ratings; Sovereign debt; Panel data (search for similar items in EconPapers)
JEL-codes: C5 C13 F3 (search for similar items in EconPapers)
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Working Paper: Has the crisis affected the behavior of the rating agencies? Panel Evidence from the Eurozone (2015)
Working Paper: Has the Crisis Affected the Behavior of the Rating Agencies? Panel Evidence from the Eurozone (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:136:y:2015:i:c:p:118-124
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