Détail de l'auteur
Auteur Sarha LAZAAR |
Documents disponibles écrits par cet auteur (1)
Ajouter le résultat dans votre panier Faire une suggestion Affiner la recherche
To what extent are Rating Agencies involved in the development of emerging countries? / Sarha LAZAAR / 2021
Titre : To what extent are Rating Agencies involved in the development of emerging countries? Type de document : Mémoire Auteurs : Sarha LAZAAR, Auteur Année de publication : 2021 Importance : 40 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management
ECONOMIE DE MARCHE ; OLIGOPOLE ; RESPONSABILITE CIVILE ; PAYS EN DEVELOPPEMENTRésumé : This paper examines the impact of the sovereign credit rating change announcement on Latin American emerging countries bond markets from 2010 to 2021. In line with academic studies, we found that the sovereign bonds returns are correlated to the changes in sovereign credit ratings and sovereign credit rating announcements. This paper establishes a clear dependence of Latin American emerging economies, more specifically the Mexican, Argentinian and Brazilian economies, to the opinion issued by Standard & Poor’s, one of the “Big Three”, it is to say the three main credit rating agencies (CRAs: Standard & Poor’s, Moody’s and Fitch). We find that bond markets respond to sovereign rating information in the way that Sovereign ratings and outlooks tend to be negatively related sovereign bond yield levels. Thus, the sovereign rating industry has the potential to attract the interest of economical agents into Latin American emerging markets through capital inflow but the more common in our case is that these CRAs also have the ability to dampen the capital inflow in case of negative outlook. Programme : MSc Corporate Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=538628
LIBRARY - Campus Rouen
NEOMA Business School
pmb
-
59 Rue Taittinger, 51100 Reims
-
00 33 (0)3 26 77 46 15
Library Campus Reims
-
1 Rue du Maréchal Juin, BP 215
76825 Mont Saint Aignan cedex -
00 33 (0)2 32 82 58 26