...Sean Gossel; Misheck Mutize Purpose This study investigates (1) whether democratization drives sovereign credit ratings (SCR) changes (the “democratic advantage”) or whether SCR changes affect democratization, (2) whether the degree of democratization in sub-Saharan African (SSA) countries affects...

.... correct prediction of failure plus correct prediction of non‐failure. Financial analysis Credit rating Risk assessment While it is acknowledged that macro variables such as deregulation, lack of information among the bank customers, homogeneity of the banking business and government...