The informational content of 'non-rated' issuer ratings

• المؤلف الرئيسي: Dawne, Siau
• مؤلفون آخرون: Tan, Kok Hui
• التنسيق: Theses and Dissertations
• اللغة: English
• منشور في: 2008
• الموضوعات: DRNTU::Business::Finance::Risk management
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/7660
• المؤسسة: Nanyang Technological University

This paper examines a distinct category of issuers ratings by the Standard & Poor’s credit rating agency – the event of ‘Non-rated’ or ‘NR’ designations. Interest generated in this topic stems from the general believe that issuers who are dissatisfied with S&P’s proposed issuer ratings are likely to publish an ‘NR’ rating at a given point in time.