Credit Rating Determinants for European Countries

Patrycja Chodnicka - Jaworska

Credit Rating Determinants for European Countries

Patrycja Chodnicka - Jaworska * §

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University of Warsaw

Credit Rating Determinants for European Countries

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Abstract

The purpose of this article is to analyse factors that can affect the European countries’ credit ratings. The analysis performed is based on the level of economic development in line with the division proposed by the World Bank. The data used is derived from the World Bank database and the database of Thomson Reuters for the years 2002-2012. The full sample is divided into subsamples due to the level of economic development. Long-and short-term issuer credit ratings given by Standard & Poor’s and Moody’s Investor Services are used as dependent variables. Ratings are decomposed linearly on numeric variables. As dependent variables I use macroeconomic data such as GDP per capita, real GDP growth, inflation, fiscal deficit, current account balance, external debt to GDP, foreign reserves.

References

25 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Patrycja Jaworska. 2015. "Credit Rating Determinants for European Countries". Global Journal of Management and Business Research, Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 15 (GJMBR Volume 15 Issue C9).

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GJMBR Volume 15 Issue C9

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-C Classification JEL Code: E44; F40; F34; G15; H63

Submission ReceivedFebruary 6, 2015
Peer Review Double Blind
Handling Editor
Accepted March 2, 2015
Published March 15, 2015

Version of record

v1.2

Issue date

October 17, 2015

Language

English

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Article Matrices

Total Score: 168

Country: Poland

Subject: Global Journal of Management and Business Research

Authors: Patrycja Chodnicka - Jaworska (PhD/Dr. count: 0)

View Count (all-time): 417

Total Views (Real + Logic): 1955

Total Downloads (simulated): 149

Publish Date: 2015 03, Sun

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Total Views: 2K

Total Downloads: 149

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