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Comparative Rating Index for Sovereigns (CRIS): A Report Based on “The Relativity of Sovereigns: A New Index of Sovereign Credit Ratings and an Analysis of How Nations Fared over the Last Six Yearsâ€

Author

Listed:
  • Kaushik Basu
  • Anil Bisen
  • Supriyo De
  • Rangeet Ghosh
  • Shweta .

Abstract

Major credit rating agencies give out the sovereign credit rating of each nation as an absolute grade. How other nations fare over the period under consideration does not matter in a particular nation’s rating score. This is very different from a comparative rating which would tell us something about how one particular sovereign fares in relation to how other sovereigns are doing. Since, for investors, relative or comparative rating is such an important concept, it was felt that a new index which captures precisely this idea ought to be developed. In this paper a new relative performance index is developed and then how nations have performed over time is tracked. [Ministry of Finance Report]. URL:[http://finmin.nic.in/WorkingPaper/CRIS_report_SCR28032012.pdf]

Suggested Citation

  • Kaushik Basu & Anil Bisen & Supriyo De & Rangeet Ghosh & Shweta ., 2012. "Comparative Rating Index for Sovereigns (CRIS): A Report Based on “The Relativity of Sovereigns: A New Index of Sovereign Credit Ratings and an Analysis of How Nations Fared over the Last Six Yearsâ," Working Papers id:4903, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:4903
    Note: Institutional Papers
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    Cited by:

    1. Swamy, Vighneswara, 2013. "Euro Zone Debt Crisis: Implications for Indian Banking Sector," MPRA Paper 47658, University Library of Munich, Germany.
    2. Basu, Kaushik & De, Supriyo & Ratha, Dilip & Timmer, Hans, 2013. "Sovereign ratings in the post-crisis world : an analysis of actual, shadow and relative risk ratings," Policy Research Working Paper Series 6641, The World Bank.

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