Pension Privatization and Country Risk

Pension Privatization and Country Risk
This paper explores how privatizing a pension system can affect sovereign credit risk. For this purpose, it analyzes the importance that rating agencies give to implicit pension debt (IPD) in their assessments of sovereign creditworthiness. We find that rating agencies generally do not seem to give much weight to IPD, focusing instead on... READ MORE...

Publication date: August 2008
ISBN 9781451870534
$18.00

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