Municipal Bond Ratings: New Results, New Directions

Paul G. Farnham and George S. Cluff
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Paul G. Farnham: Georgia State University
George S. Cluff: Georgia State University

Public Finance Review, 1982, vol. 10, issue 4, 427-455

Abstract: Using multiple discriminant analysis, this article examines the factors that affect municipal bond ratings through the use of a data set that includes more municipalities and municipal characteristics than the data sets used in previous studies. This data set permits a more detailed examination of the role of city size and location in the bond rating process. The study concludes with some observations on the directions for further research.

Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:10:y:1982:i:4:p:427-455

DOI: 10.1177/109114218201000402

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