Sökning: "Sub-investment grade"

Hittade 3 uppsatser innehållade orden Sub-investment grade.

1. 1. Time Series Variation in Corporate Credit Rating Standards from 1986 to 2017

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Jason Gans; [2019]
   Nyckelord :Credit Rating Agencies; Ratings Conservatism; Standard Poor s;

   Sammanfattning : The average rating of US Corporate debt has trended downward since the mid-80s. Existing research [Blume et al (1998), Baghai et al (2014)] argues that this trend was caused by an increase in conservatism on the part of rating agencies. When holding firm characteristics constant, ratings appear to deteriorate from the period between 1985 and 2007. LÄS MER

3. 2. Market Reaction to Seasoned Equity Offerings by European Banks during the Recent Financial Crisis

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Pierdomenico Polito; Jannes Pietschmann; [2015]
   Nyckelord :European banks; Capital ratio; Crisis; Seasoned equity offerings;

   Sammanfattning : This thesis attempts to assess the short-term costs of raising new equity for European banks during the recent crisis. We analyze the effect of seasoned equity offerings (SEOs) on stock prices and CDS spreads, using an event study methodology. LÄS MER

4. 3. THE LINK BETWEEN EQUITY RETURNS AND CDS SPREADS IN SUB-INVEST GRADE COMPANIES -A study of the European iTraxx indices

   Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

   Författare :Magnus Töndevold; Peter Dreijer; [2010]
   Nyckelord :Credit default swap index; iTraxx; Equity index return; CDS spread; Merton’s model; Sub-investment grade; Management of enterprises; Företagsledning; management; Business and Economics;

   Sammanfattning : The purpose is to investigate whether the correlation between equity returns and changes in CDS spreads is stronger for sub-investment grade companies than for investment grade companies in the European iTraxx indices.... LÄS MER