This study analyzes the determinants of rating changes and the variables' marginal effects on rating change probabilities. Based on the results, it presents tra

The world’s #1 fixed income book, now with 21 all-new chapters The Handbook of Fixed Income Securities occupies the top spot as the most authoritative, widely

Offering a fresh look at the commonly accepted view of what constitutes good governance, Donald Nordberg explores the contexts of board decisions and draws upon

Changes in sovereign ratings affect country risk and stock returns. And these changes are transmitted across countries, with neighbor-country effects being more