... assessment. This study investigates the effect of ESG rating divergence on corporate credit risk, including the mediating role of credit ratings and the moderating role of country ESG performance. Design/methodology/approach Based on a panel dataset of 562 publicly listed firms from 2017 to 2022...

...Kerstin Lopatta; Magdalena Tchikov; Finn Marten Körner Purpose A credit rating, as a single indicator on one consistent scale, is designed as an objective and comparable measure within a credit rating agency (CRA). While research focuses mainly on the comparability of ratings between agencies...

...Rick van de Ven; Shaunak Dabadghao; Arun Chockalingam Purpose The credit ratings issued by the Big 3 ratings agencies are inaccurate and slow to respond to market changes. This paper aims to develop a rigorous, transparent and robust credit assessment and rating scheme for sovereigns. Design...

...Florian Kiesel; Jonathan Spohnholtz Purpose The creditworthiness of corporates is most visible in credit ratings. This paper aims to present an alternative credit rating measure independently of credit rating agencies. The credit rating score (CRS) is based on the credit default swap (CDS) market...

...Michael Jacobs Jr; Ahmet K. Karagozoglu; Dina Naples Layish Purpose This research aims to model the relationship between the credit risk signals in the credit default swap (CDS) market and agency credit ratings, and determines the factors that help explain the variation in such signals. Design...

...Eric van Loon; Jakob de Haan Purpose – This paper aims to examine whether credit ratings of banks are related to their location, i.e. inside or outside the Euro Area. Design/methodology/approach – The authors estimate a multilevel ordered probit model for banks’ credit ratings in 2011...