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Please use this identifier to cite or link to this item: http://hdl.handle.net/10400.5/2736

Title: Understanding the Determinants of Government Debt Ratings: Evidence for the Two Leading Agencies
Authors: Afonso, António
Keywords: Credit ratings
sovereign debt
Issue Date: 2002
Publisher: ISEG – Departamento de Economia
Citation: Afonso, António. 2002. "Understanding the Determinants of Government Debt Ratings: Evidence for the Two Leading Agencies". Instituto Superior de Economia e Gestão - DE Working papers nº 2-2002/DE/CISEP
Series/Report no.: DE Working papers;nº 2-2002/DE/CISEP
Abstract: I conduct an analysis of the possible determinants of sovereign credit ratings assigned by the two leading credit rating agencies, Moody's and Standard and Poor's, by using both a linear and a logistic transformation of the rating scales. Of the large number of variables that can be used, the set of explanatory variables selected in this study is significant in explaining the credit ratings. Namely, six variables appear to be the most relevant to determine a country's credit rating: GDP per capita, external debt, level of economic development, default history, real growth rate and inflation rate.
URI: http://hdl.handle.net/10400.5/2736
ISSN: 0874-4548
Publisher version: https://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=23826
Appears in Collections:CISEP - Documentos de Trabalho / CISEP - Working Papers
DE - Documentos de trabalho / Working Papers

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