Daniele visentin (11 risultati)

Condizione: NEW.

Condizione: NEW.

Hardcover. Condizione: Brand New. 282 pages. Italian language. 8.19x5.75x0.87 inches. In Stock.

Condizione: New. pp. 76.

Condizione: New.

paperback. Condizione: New. NEW. SHIPS FROM MULTIPLE LOCATIONS. book.

Taschenbuch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Which instrument between credit ratings and credit default swap (CDS) spreads best responds to fixed income investors need to appraise credit risk Such an assessment becomes necessary because of mounting criticism to rating agencies promptness in identifying changed credit conditions. An empirical research on a sample of American reference entities is carried out. Cardinal CDS spreads are transformed into ordinal ratings, after adjusting for the systemic component in CDS spread movements. CDS-implied ratings are found to be more timely than agency ratings and thus best suit investors exigencies. Furthermore, CDS-implied rating changes are found to usually lead agency rating changes. In fact, credit ratings have turned into regulatory licences to access capital markets and do not solely rely on their quality any longer. Simultaneously, the focus has shifted from investors, who used to be the prime users of ratings, to issuers. A reference to the industry s compensation structure helps explain the reason for that. On the other hand, CDS-implied ratings are a tool able to give the point-in-time credit-risk appraisal investors are more interested in. 76 pp. Englisch.…

Taschenbuch. Condizione: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Which instrument between credit ratings and credit default swap (CDS) spreads best responds to fixed income investors need to appraise credit risk Such an assessment becomes necessary because of mounting criticism to rating agencies promptness in identifying changed credit conditions. An empirical research on a sample of American reference entities is carried out. Cardinal CDS spreads are transformed into ordinal ratings, after adjusting for the systemic component in CDS spread movements. CDS-implied ratings are found to be more timely than agency ratings and thus best suit investors exigencies. Furthermore, CDS-implied rating changes are found to usually lead agency rating changes. In fact, credit ratings have turned into regulatory licences to access capital markets and do not solely rely on their quality any longer. Simultaneously, the focus has shifted from investors, who used to be the prime users of ratings, to issuers. A reference to the industry s compensation structure helps explain the reason for that. On the other hand, CDS-implied ratings are a tool able to give the point-in-time credit-risk appraisal investors are more interested in.…

Condizione: New. Print on Demand pp. 76 2:B&W 6 x 9 in or 229 x 152 mm Perfect Bound on Creme w/Gloss Lam.

Condizione: New. PRINT ON DEMAND pp. 76.

Taschenbuch. Condizione: Neu. This item is printed on demand - Print on Demand Titel. Neuware -Which instrument ¿ between credit ratings and credit default swap (CDS) spreads ¿ best responds to fixed income investors¿ need to appraise credit risk Such an assessment becomes necessary because of mounting criticism to rating agencies¿ promptness in identifying changed credit conditions. An empirical research on a sample of American reference entities is carried out. Cardinal CDS spreads are transformed into ordinal ratings, after adjusting for the systemic component in CDS spread movements. CDS-implied ratings are found to be more timely than agency ratings and thus best suit investors¿ exigencies. Furthermore, CDS-implied rating changes are found to usually lead agency rating changes. In fact, credit ratings have turned into regulatory licences to access capital markets and do not solely rely on their quality any longer. Simultaneously, the focus has shifted from investors, who used to be the prime users of ratings, to issuers. A reference to the industry¿s compensation structure helps explain the reason for that. On the other hand, CDS-implied ratings are a tool able to give the point-in-time credit-risk appraisal investors are more interested in.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 76 pp. Englisch.…