Do fiscal imbalances deteriorate sovereign debt ratings?
Autor(a) principal: | |
---|---|
Data de Publicação: | 2010 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/2864 |
Resumo: | We use sovereign debt rating estimations from Afonso, Gomes and Rother (2009, 2010) for Fitch, Moody’s, and Standard & Poor’s, to assess to what extent the recent fiscal imbalances are being reflected on the sovereign debt notations. We use macro and fiscal data up to 2009, and macro and fiscal projections, to obtain the expected rating for several OECD countries. The answer to the title question is yes, but in a diverse way for each country. Our average model predictions point to a heterogeneous behaviour of rating agencies across countries. |
id |
RCAP_5aa8e178f595107bd65e8a2109f5a9ee |
---|---|
oai_identifier_str |
oai:www.repository.utl.pt:10400.5/2864 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Do fiscal imbalances deteriorate sovereign debt ratings?Credit RatingsSovereign DebtRating AgenciesWe use sovereign debt rating estimations from Afonso, Gomes and Rother (2009, 2010) for Fitch, Moody’s, and Standard & Poor’s, to assess to what extent the recent fiscal imbalances are being reflected on the sovereign debt notations. We use macro and fiscal data up to 2009, and macro and fiscal projections, to obtain the expected rating for several OECD countries. The answer to the title question is yes, but in a diverse way for each country. Our average model predictions point to a heterogeneous behaviour of rating agencies across countries.FCTISEG - Departamento de EconomiaRepositório da Universidade de LisboaAfonso, AntónioGomes, Pedro2011-01-25T16:02:39Z20102010-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/2864engAfonso, António e Pedro Gomes. 2010. "Do fiscal imbalances deteriorate sovereign debt ratings?". 2010. Instituto Superior de Economia e Gestão. DE Working papers nº 24-2010/DE/UECE0874-4548info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:34:01Zoai:www.repository.utl.pt:10400.5/2864Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:50:50.282319Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Do fiscal imbalances deteriorate sovereign debt ratings? |
title |
Do fiscal imbalances deteriorate sovereign debt ratings? |
spellingShingle |
Do fiscal imbalances deteriorate sovereign debt ratings? Afonso, António Credit Ratings Sovereign Debt Rating Agencies |
title_short |
Do fiscal imbalances deteriorate sovereign debt ratings? |
title_full |
Do fiscal imbalances deteriorate sovereign debt ratings? |
title_fullStr |
Do fiscal imbalances deteriorate sovereign debt ratings? |
title_full_unstemmed |
Do fiscal imbalances deteriorate sovereign debt ratings? |
title_sort |
Do fiscal imbalances deteriorate sovereign debt ratings? |
author |
Afonso, António |
author_facet |
Afonso, António Gomes, Pedro |
author_role |
author |
author2 |
Gomes, Pedro |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Afonso, António Gomes, Pedro |
dc.subject.por.fl_str_mv |
Credit Ratings Sovereign Debt Rating Agencies |
topic |
Credit Ratings Sovereign Debt Rating Agencies |
description |
We use sovereign debt rating estimations from Afonso, Gomes and Rother (2009, 2010) for Fitch, Moody’s, and Standard & Poor’s, to assess to what extent the recent fiscal imbalances are being reflected on the sovereign debt notations. We use macro and fiscal data up to 2009, and macro and fiscal projections, to obtain the expected rating for several OECD countries. The answer to the title question is yes, but in a diverse way for each country. Our average model predictions point to a heterogeneous behaviour of rating agencies across countries. |
publishDate |
2010 |
dc.date.none.fl_str_mv |
2010 2010-01-01T00:00:00Z 2011-01-25T16:02:39Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/2864 |
url |
http://hdl.handle.net/10400.5/2864 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Afonso, António e Pedro Gomes. 2010. "Do fiscal imbalances deteriorate sovereign debt ratings?". 2010. Instituto Superior de Economia e Gestão. DE Working papers nº 24-2010/DE/UECE 0874-4548 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISEG - Departamento de Economia |
publisher.none.fl_str_mv |
ISEG - Departamento de Economia |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799130983231913984 |