This study examines credit score migration rates of farm businesses. We test whether migration probabilities differ across business cycles. Our results suggest that agricultural credit ratings are more likely to improve during expansions and deteriorate during recessions. We also test whether agricultural credit ratings depend on the previous period migration trends. Our results show that credi...

Penelitian ini bertujuan untuk mengetahui sejauh mana Credit Rating mempengaruhi Cash Holding perusahaan. Perusahaan menjadi relatif sensitif terhadap perubahan peringkat, maka akan meningkatkan kepemilikan kas mereka, baik peluang, atau menghindari penurunan peringkat perusahaan di indonesia. Metode penelitian yang digunakan kuantitatif. Jumlah sampel dalam adalah 203 non keuangan terdaftar Bu...

How does the sovereign credit ratings history provided by independent ratings agencies affect domestic financial sector development and international capital inflows to emerging countries? We address this question utilizing a comprehensive dataset of sovereign credit ratings from Standard and Poor’s from 1995-2003 for a cross-section of 51 emerging markets. Within a panel data estimation framew...

This study reviews the impact of corporate social responsibility (CSR) and corporate governance on its credit rating. The result of regression analysis to credit ratings with relevant primary independent variables shows that both factors have significant effects on it. As we have predicted, the signs of both regression coefficients have a positive sign (+) proving that corporates with excellent...

Credit ratings convey credit risk information to participants in financial markets, including investors, issuers, intermediaries and regulators. This paper proposes an automatic text analysis system for financial news and analyzes the effects of news coverage and sentiment factors on credit ratings. Our experiment results show that firms with higher news coverage received worse ratings in the n...

As in many other countries, India's five year old credit rating industry has grown rapidly amidst persistent doubts about the quality of the rating service. This paper evaluates the ratings given by India's leading credit rating agency, CRISIL. We find that CRISIL's ratings are not only too liberal by international standards but also internally inconsistent. We argue that to improve the quality...