IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Rating Timing Differences between the two Leading Agencies:

Listed author(s):
  • Emawtee Bissoondoyal-Bheenick
Registered author(s):

    This study examines the impacts of rating change timing differences between the two leading agencies, namely, Standard and Poor’s and Moody’s with particular focus on the stock market impact of Standard and Poor’s Foreign Currency rating changes and Moody’s Bonds and Notes rating changes. The analysis focuses on whether there is a rating change pattern between these agencies and undertakes a comparison of the impact of rating changes on the markets between single rating changes and joint rating changes. The paper equally determines whether rating changes induce different reactions depending on the level of rating. The findings indicate that in contrast to the results obtained in previous literature, rating change announcements do not impart additional information to the market. An nteresting finding is that joint downgrades seem to impact on the market only in between the announcement dates for the two agencies. In addition, the reason of the rating change need to be taken into consideration to assess the stock market reaction to rating chan

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below under "Related research" whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Paper provided by Econometric Society in its series Econometric Society 2004 Australasian Meetings with number 61.

    in new window

    Date of creation: 11 Aug 2004
    Handle: RePEc:ecm:ausm04:61
    Contact details of provider: Phone: 1 212 998 3820
    Fax: 1 212 995 4487
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ecm:ausm04:61. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.