Do fiscal imbalances deteriorate sovereign debt ratings?

Bibliographic Details
Main Author: Afonso, António
Publication Date: 2010
Other Authors: Gomes, Pedro
Format: Article
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10400.5/2864
Summary: We use sovereign debt rating estimations from Afonso, Gomes and Rother (2009, 2010) for Fitch, Moody’s, and Standard & Poor’s, to assess to what extent the recent fiscal imbalances are being reflected on the sovereign debt notations. We use macro and fiscal data up to 2009, and macro and fiscal projections, to obtain the expected rating for several OECD countries. The answer to the title question is yes, but in a diverse way for each country. Our average model predictions point to a heterogeneous behaviour of rating agencies across countries.
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spelling Do fiscal imbalances deteriorate sovereign debt ratings?Credit RatingsSovereign DebtRating AgenciesWe use sovereign debt rating estimations from Afonso, Gomes and Rother (2009, 2010) for Fitch, Moody’s, and Standard & Poor’s, to assess to what extent the recent fiscal imbalances are being reflected on the sovereign debt notations. We use macro and fiscal data up to 2009, and macro and fiscal projections, to obtain the expected rating for several OECD countries. The answer to the title question is yes, but in a diverse way for each country. Our average model predictions point to a heterogeneous behaviour of rating agencies across countries.FCTISEG - Departamento de EconomiaRepositório da Universidade de LisboaAfonso, AntónioGomes, Pedro2011-01-25T16:02:39Z20102010-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/2864engAfonso, António e Pedro Gomes. 2010. "Do fiscal imbalances deteriorate sovereign debt ratings?". 2010. Instituto Superior de Economia e Gestão. DE Working papers nº 24-2010/DE/UECE0874-4548info:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-03-17T16:25:02Zoai:repositorio.ulisboa.pt:10400.5/2864Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-29T04:13:42.599155Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Do fiscal imbalances deteriorate sovereign debt ratings?
title Do fiscal imbalances deteriorate sovereign debt ratings?
spellingShingle Do fiscal imbalances deteriorate sovereign debt ratings?
Afonso, António
Credit Ratings
Sovereign Debt
Rating Agencies
title_short Do fiscal imbalances deteriorate sovereign debt ratings?
title_full Do fiscal imbalances deteriorate sovereign debt ratings?
title_fullStr Do fiscal imbalances deteriorate sovereign debt ratings?
title_full_unstemmed Do fiscal imbalances deteriorate sovereign debt ratings?
title_sort Do fiscal imbalances deteriorate sovereign debt ratings?
author Afonso, António
author_facet Afonso, António
Gomes, Pedro
author_role author
author2 Gomes, Pedro
author2_role author
dc.contributor.none.fl_str_mv Repositório da Universidade de Lisboa
dc.contributor.author.fl_str_mv Afonso, António
Gomes, Pedro
dc.subject.por.fl_str_mv Credit Ratings
Sovereign Debt
Rating Agencies
topic Credit Ratings
Sovereign Debt
Rating Agencies
description We use sovereign debt rating estimations from Afonso, Gomes and Rother (2009, 2010) for Fitch, Moody’s, and Standard & Poor’s, to assess to what extent the recent fiscal imbalances are being reflected on the sovereign debt notations. We use macro and fiscal data up to 2009, and macro and fiscal projections, to obtain the expected rating for several OECD countries. The answer to the title question is yes, but in a diverse way for each country. Our average model predictions point to a heterogeneous behaviour of rating agencies across countries.
publishDate 2010
dc.date.none.fl_str_mv 2010
2010-01-01T00:00:00Z
2011-01-25T16:02:39Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10400.5/2864
url http://hdl.handle.net/10400.5/2864
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Afonso, António e Pedro Gomes. 2010. "Do fiscal imbalances deteriorate sovereign debt ratings?". 2010. Instituto Superior de Economia e Gestão. DE Working papers nº 24-2010/DE/UECE
0874-4548
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ISEG - Departamento de Economia
publisher.none.fl_str_mv ISEG - Departamento de Economia
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron:RCAAP
instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
instacron_str RCAAP
institution RCAAP
reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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