Sovereign Credit Rating: Questionable Methodologies (Routledge Studies in Corporate Governance) - Softcover

Naciri, Ahmed

Softcover

ISBN 10: 0367878844 ISBN 13: 9780367878849

Publisher: Routledge, 2019

Synopsis

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 argues that oversight is required and procedures improved, including subjecting methodologies of assessing default to more standardization and monitoring.

Sovereign Credit Rating explains the process of sovereign creditworthiness assessment and explores the consequences of possible inaccuracies in the process. Developing an innovative new methodology to assess ratings accuracy, it shows that the announcement of each rating action by the major credit rating agencies show alarming inconsistencies.

Written by an internationally recognized author and professor, this unique book will be of interest to researchers and advanced students in corporate governance, accounting, public finance and regulation.

About this title

About the Author

Professor Ahmed Naciri is a Researcher and author at the University of Québec 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.

Edition details

• Publisher: Routledge
• Publication date: 2019
• Language: English
• ISBN 10: 0367878844
• ISBN 13: 9780367878849
• Binding: Paperback
• Edition number: 1
• Number of pages: 188