Sovereign Credit Rating - Questionable Methodologies

The current degradation of sovereign balance sheets raises concerns about how sovereign creditworthiness is measured by credit rating agencies. Developing an innovative new methodology, this book shows that the ratings by major credit rating agencies show alarming inconsistencies. Countries can find themselves battling with s

List of contents

Preface

Chapter 1: Introduction to the Book

Chapter 2: General Sample and General Methodology

Chapter 3: Sovereign Credit Universe

Chapter 4: Macroeconomic Environment of Sovereign Default

Chapter 5: The History of Sovereign Ratings and the Eergence of the Three Major Sovereign Credit Agencies

Chapter 6: Agencies Methodology to Sovereign Default Assessment

Chapter 7: Testing the Accuracy of Agencies’ Approach to Assessing Sovereign Worthiness

Chapter 8: Subjectivity and Asymmetry, Why Accuracy in Sovereign Ratings Should Not Be Expected

Chapter 9: Disclosure and Transparency, the Quest of Accuracy in the Sovereign Ratings

Chapter 10: Concluding Remarks, Sovereign Creditworthiness Accuracy

Data Appendices A-C

About the author

Professor Ahmed Naciri is a Researcher and author at the University of Québec in Montreal. Awarded best researcher of the Administrative Sciences Association of Canada. Founder of the International Centre for Governance, he advises governments and institutions (including the US Security Exchange Commission) in issues of best practices in public finance and governance.

Summary

The current degradation of sovereign balance sheets raises concerns about how sovereign creditworthiness is measured by credit rating agencies. Developing an innovative new methodology, this book shows that the ratings by major credit rating agencies show alarming inconsistencies. Countries can find themselves battling with s

Product details

• Authors: Ahmed Naciri, Ahmed (University of Montreal Naciri, Naciri Ahmed
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 31.12.2019
• EAN: 9780367878849
• ISBN: 978-0-367-87884-9
• No. of pages: 186
• Series: Routledge Studies in Corporate Governance
• Subjects: Social sciences, law, business > Business > General, dictionaries; Business & Economics / General, Economics, Business and Management, Accounting, BUSINESS & ECONOMICS / Corporate Governance, BUSINESS & ECONOMICS / Accounting / Financial, BUSINESS & ECONOMICS / Finance / Financial Risk Management, Financial Accounting, Management of specific areas, Finance and the finance industry, Public finance accounting