Al-Sakka, Rasha; ap Gwilym, Owain - In: Emerging Markets Review 10 (2009) 2, pp. 151-165
This is a unique study of the relationship between emerging sovereign rating migrations and the sources of rating heterogeneity. It employs data from six international rating agencies and 90 emerging countries. Rating momentum is present, and we are the first to document that multiple-notch...