Fuchs, Andreas; Gehring, Kai - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 2013
Credit rating agencies are frequently criticized for producing sovereign ratings that do not accurately reflect the … countries, we investigate empirically if there is systematic evidence for a home bias in sovereign ratings. Specifically, we use … sovereign ratings. We find that the bias becomes more accentuated following the onset of the Global Financial Crisis and appears …