Rating Through-the-Cycle: What does the Concept Imply for Rating Stability and Accuracy?

WP/13/64

Nopic
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 assign ratings on a through-the-cycle basis... READ MORE...

Publication date: March 2013
ISBN 9781475552119
$18.00

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Publication date: March 2013

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Publication date: March 2013

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