Rating Through-the-Cycle : What does the Concept Imply for Rating Stability and Accuracy? /
Credit rating agencies face a difficult trade-off between delivering both accurate and stable ratings. In particular, its users have consistently expressed a preference for rating stability, driven by the transactions costs induced by trading when ratings change frequently. Rating agencies generally...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2013.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2013/064 |
| Acesso em linha: | Full text available on IMF |