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The Accuracy of Agency Ratings

Author

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  • Bandyopadhyay, Arindam

Abstract

Recently, regulators as well market participants have raised serious concerns about the validity of external credit ratings in predicting true status of corporate default risk in India. This article seeks to compare historical rating trends in India along with the global benchmarks. CRAs need to provide more insight about corporate rating movements to enable banks to derive early warning signals about inherent credit risk. The kind of risk indicators need to be disclosed has been highlighted in this article.

Suggested Citation

  • Bandyopadhyay, Arindam, 2019. "The Accuracy of Agency Ratings," MPRA Paper 97847, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:97847
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    File URL: https://mpra.ub.uni-muenchen.de/97847/1/MPRA_paper_97847.pdf
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    More about this item

    Keywords

    Credit Risk; Agency Rating; Validation;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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