A re-examination of rating shopping and catering using post-crisis data on CDOs

Robert H. Owlett and Fan Yu

Economics Letters, 2016, vol. 147, issue C, 164-167

Abstract: We re-examine rating shopping and catering among CDOs by replicating a portion of Griffin et al. (2013) using post-crisis data. Our results are consistent with continued rating shopping and diminished rating catering behavior after the great financial crisis.

Keywords: Collateralized debt obligations; Credit rating agencies; Credit spread; Rating shopping; Rating catering (search for similar items in EconPapers)
JEL-codes: G14 G24 G28 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:147:y:2016:i:c:p:164-167

DOI: 10.1016/j.econlet.2016.08.031

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