Eichengreen, Barry (contributor); … - 2005
restructuring can occur—in other words, it
matters for countries with high debt levels and low credit ratings. A monitoring … Investor credit ratings, which
run from a low of 0 to a high of 100) allows for more borrowing both from banks and on
bond …).
Improved credit ratings raise the probability of borrowing while lowering spreads,
consistent with the idea that their main …