Norden, Lars (contributor); Weber, Martin (contributor) - 2004
. However, it is not clear whether these results
would hold for firms from the investment-grade level as well.
Longstaff … investment-grade bonds
and overestimate it for below-investment-grade bonds.
11
(long term foreign currency issuer credit … considerably over time]. Third, and most
important, looking at investment-grade spreads (AAA-BBB), we clearly see that CDS spreads …