Credit rating agencies analysing IFRS data: a sample of rated companies and their reported information

Jean-Guy Degos, Oussama Ben Hmiden and Jérémie Aboiron

International Journal of Economics and Accounting, 2015, vol. 6, issue 1, 1-14

Abstract: This paper explores the size of the differences between reported amounts in accordance with international financial reporting standards (IFRS) and standard accounting adjustments made by the credit rating agencies. From an analysis of French rated companies, we make a comparison between the values obtained through credit rating agencies adjustments and those reported before and after the implementation of IFRS. Our comparability index revealed that credit rating agencies make significant adjustments to reported information. Indeed, considerable differences can be found between the information reported according to IFRS and that adjusted for the main criteria used by the rating agencies, i.e., debt, liquidity and profitability.

Keywords: credit rating agencies; CRA; accounting adjustments; International Financial Reporting Standards; IFRS data; data analysis; comparability index; debt; liquidity; profitability. (search for similar items in EconPapers)
Date: 2015
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