Determinants of the Distance between Sovereign Credit Ratings and Sub-Sovereign Bond Ratings : Evidence from Emerging Markets and Developing Economies

This article explores factors that affect the distance between sovereign credit ratings and the ratings assigned to new foreign-currency bonds issued by sub-sovereign entities (such as private non-financial corporations, financial firms, and public sector enterprises) in 47 emerging markets and deve...

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Bibliographic Details
Main Authors: Mohapatra, Sanket, Nose, Manabu, Ratha, Dilip
Published: Taylor and Francis 2018
Subjects:
Online Access:http://hdl.handle.net/10986/29117