Fairchild, Lisa M.; Flaherty, Susan M. V.; Shin, Yoon S. - In: Review of Pacific Basin Financial Markets and Policies … 12 (2009) 01, pp. 103-123
Previous studies show that the unsolicited ratings of S&P and Fitch are lower than the solicited ratings assigned by these two agencies. The unsolicited ratings of S&P and Fitch are based on publicly available information for a firm. However, no previous study has examined the unsolicited...