Ahmed Naciri

Sovereign Credit Rating (eBook, ePUB)

Questionable Methodologies

• Format: ePub

Produktbeschreibung

The current degradation of sovereign balance sheets raises concerns about how sovereign creditworthiness is measured by credit rating agencies. Developing an innovative new methodology, this book shows that the ratings by major credit rating agencies show alarming inconsistencies. Countries can find themselves battling with speculative status due to approximation and subjectivity within the process itself. Aimed at researchers and advanced students in corporate governance, accounting, public finance and regulation, this book offers an alternative and calls for more transparency about the quantitative measures used in calibrating the rating process and how sovereign ratings are validated.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 186
• Erscheinungstermin: 19. Dezember 2016
• Englisch
• ISBN-13: 9781317192992
• Artikelnr.: 47392508

Autorenporträt

Professor Ahmed Naciri is a Researcher and author at the University of Québec in Montreal. Awarded best researcher of the Administrative Sciences Association of Canada. Founder of the International Centre for Governance, he advises governments and institutions (including the US Security Exchange Commission) in issues of best practices in public finance and governance.

Inhaltsangabe

Preface
Chapter 1: Introduction to the Book
Chapter 2: General Sample and General Methodology
Chapter 3: Sovereign Credit Universe
Chapter 4: Macroeconomic Environment of Sovereign Default
Chapter 5: The History of Sovereign Ratings and the Eergence of the Three
Major Sovereign Credit Agencies
Chapter 6: Agencies Methodology to Sovereign Default Assessment
Chapter 7: Testing the Accuracy of Agencies' Approach to Assessing
Sovereign Worthiness
Chapter 8: Subjectivity and Asymmetry, Why Accuracy in Sovereign Ratings
Should Not Be Expected
Chapter 9: Disclosure and Transparency, the Quest of Accuracy in the
Sovereign Ratings
Chapter 10: Concluding Remarks, Sovereign Creditworthiness Accuracy
Data Appendices A-C