Hidden Bibliographic Details
| ISBN: | 9781452799483
1452799482
1462327494
9781462327492
1282845977
9781282845978
9786612845970
661284597X
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| Notes: | Includes bibliographical references (page 21).
Print version record.
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| Summary: | Emerging market countries seek investment grade status to lower financing costs for the sovereign, expand the pool of potential investors to institutional investors, and allow corporates the possibility of reducing their borrowing costs. Using a random effects binomial logit model on a sample of 48 emerging markets, the paper finds that, to a large extent, investment grade rating assignments can be explained by a handful of variables. The results also suggest that efforts by emerging markets to increase the likelihood of an upgrade should focus on debt indicators rather than the other key dete.
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| Other form: | Print version: Jaramillo, Laura. Determinants of Investment Grade Status in Emerging Markets. Washington : International Monetary Fund, ©2010 9781455200764
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