Determinants of Investment Grade Status in Emerging Markets /

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Bibliographic Details
Author / Creator:	Jaramillo, Laura.
Edition:	1 ed.
Imprint:	Washington, D.C. : International Monetary Fund, 2010.
Description:	1 online resource (21 pages)
Language:	English
Subject:	Credit ratings -- Developing countries -- Econometric models. Debts, Public -- Developing countries -- Econometric models. Capital market -- Developing countries -- Econometric models. Capital market -- Econometric models. Debts, Public -- Econometric models. Developing countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/14153931

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Other authors / contributors:	Jaramillo, Laura.
ISBN:	1455200239 9781455200238
Notes:	Print version record.
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 determinants of investment grade status.
Other form:	Print Version: 9781455200238

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