Shadow Sovereign Ratings for Unrated Developing Countries

We predict sovereign ratings for developing countries that do not have risk ratings from agencies such as Fitch, Moody's, and Standard and Poor's. Ratings are important in determining the volume and cost of capital flows to developing countries through international bond, loan, and equity...

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Main Authors:	Ratha, Dilip, De, Prabal K., Mohapatra, Sanket
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	International Lending and Debt Problems F340 Investment Banking Venture Capital Brokerage Ratings and Ratings Agencies G240 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190 Socialist Institutions and Their Transitions: Financial Economics P340
Online Access:	http://hdl.handle.net/10986/4862

id	okr-10986-4862
recordtype	oai_dc
spelling	okr-10986-48622021-04-23T14:02:20Z Shadow Sovereign Ratings for Unrated Developing Countries Ratha, Dilip De, Prabal K. Mohapatra, Sanket International Lending and Debt Problems F340 Investment Banking Venture Capital Brokerage Ratings and Ratings Agencies G240 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190 Socialist Institutions and Their Transitions: Financial Economics P340 We predict sovereign ratings for developing countries that do not have risk ratings from agencies such as Fitch, Moody's, and Standard and Poor's. Ratings are important in determining the volume and cost of capital flows to developing countries through international bond, loan, and equity markets. Sovereign rating also acts as a ceiling for the foreign currency rating of sub-sovereign borrowers and can be important for their access to international debt and equity capital. We generate shadow ratings for several developing countries that have never been rated and find that unrated countries are not always at the bottom of the rating spectrum. Several of them are projected to have a "B" or higher rating, in a similar range to that of the emerging market economies with capital market access. 2012-03-30T07:30:06Z 2012-03-30T07:30:06Z 2011 Journal Article World Development 0305750X http://hdl.handle.net/10986/4862 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	International Lending and Debt Problems F340 Investment Banking Venture Capital Brokerage Ratings and Ratings Agencies G240 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190 Socialist Institutions and Their Transitions: Financial Economics P340
spellingShingle	International Lending and Debt Problems F340 Investment Banking Venture Capital Brokerage Ratings and Ratings Agencies G240 Economic Development: Financial Markets Saving and Capital Investment Corporate Finance and Governance O160 International Linkages to Development Role of International Organizations O190 Socialist Institutions and Their Transitions: Financial Economics P340 Ratha, Dilip De, Prabal K. Mohapatra, Sanket Shadow Sovereign Ratings for Unrated Developing Countries
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	We predict sovereign ratings for developing countries that do not have risk ratings from agencies such as Fitch, Moody's, and Standard and Poor's. Ratings are important in determining the volume and cost of capital flows to developing countries through international bond, loan, and equity markets. Sovereign rating also acts as a ceiling for the foreign currency rating of sub-sovereign borrowers and can be important for their access to international debt and equity capital. We generate shadow ratings for several developing countries that have never been rated and find that unrated countries are not always at the bottom of the rating spectrum. Several of them are projected to have a "B" or higher rating, in a similar range to that of the emerging market economies with capital market access.
format	Journal Article
author	Ratha, Dilip De, Prabal K. Mohapatra, Sanket
author_facet	Ratha, Dilip De, Prabal K. Mohapatra, Sanket
author_sort	Ratha, Dilip
title	Shadow Sovereign Ratings for Unrated Developing Countries
title_short	Shadow Sovereign Ratings for Unrated Developing Countries
title_full	Shadow Sovereign Ratings for Unrated Developing Countries
title_fullStr	Shadow Sovereign Ratings for Unrated Developing Countries
title_full_unstemmed	Shadow Sovereign Ratings for Unrated Developing Countries
title_sort	shadow sovereign ratings for unrated developing countries
publishDate	2012
url	http://hdl.handle.net/10986/4862
_version_	1764393035109498880

Shadow Sovereign Ratings for Unrated Developing Countries

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