How Important Is Sovereign Risk in Determining Corporate Default Premia? : The Case of South Africa /
The paper analyzes and quantifies the importance of sovereign risk in determining corporate default premia (yield spreads). It also investigates the extent to which the practice by rating agencies and banks of not rating companies higher than their sovereign ("country or sovereign ceiling"...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2005/217 |
| Онлайн доступ: | Full text available on IMF |