HOW CONSISTENT ARE CREDIT RATINGS? A GEOGRAPHIC AND SECTORAL ANALYSIS OF DEFAULT RISK - The authors examine differences in default rates by sector and obligor domicile. They find evidence that credit ratings have been imperfectly calibrated across issuer sectors in the past. Controlling for year of issue and rating, default rates appear to be higher for U.S. financial firms than U.S. industrial ...
| Year of publication: |
2000
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|---|---|
| Authors: | Ammer, John ; Packer, Frank |
| Published in: |
The journal of fixed income. - New York, NY : Inst. Investor, Inc., ISSN 1059-8596, ZDB-ID 11161036. - Vol. 10.2000, 3, p. 24-30
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