1st Edition

Sovereign Credit Rating Questionable Methodologies

By Ahmed Naciri Copyright 2017
186 Pages
by Routledge

186 Pages 6 B/W Illustrations
by Routledge

186 Pages 6 B/W Illustrations
by Routledge

The current degradation of sovereign balance sheets raises very real concerns about how sovereign creditworthiness is measured by credit rating agencies. Given the disastrous economic and social effects of any downgrade, the book offers an alternative and calls for more transparency about the quantitative measures used in calibrating the rating process and how sovereign ratings are validated. It... Read more

Preface



Chapter 1: Introduction to the Book



Chapter 2: General Sample and General Methodology



Chapter 3: Sovereign Credit Universe



Chapter 4: Macroeconomic Environment of Sovereign Default



Chapter 5: The History of Sovereign Ratings and the Eergence of the Three Major Sovereign Credit Agencies



Chapter 6: Agencies Methodology to Sovereign Default Assessment



Chapter 7: Testing the Accuracy of Agencies’ Approach to Assessing Sovereign Worthiness



Chapter 8: Subjectivity and Asymmetry, Why Accuracy in Sovereign Ratings Should Not Be Expected



Chapter 9: Disclosure and Transparency, the Quest of Accuracy in the Sovereign Ratings



Chapter 10: Concluding Remarks, Sovereign Creditworthiness Accuracy



Data Appendices A-C

Biography

Professor Ahmed Naciri is a Researcher and author at the University of QuĂ©bec in Montreal. Awarded best researcher of the Administrative Sciences Association of Canada. Founder of the International Centre for Governance, he advises governments and institutions (including the US Security Exchange Commission) in issues of best practices in public finance and governance.