inconceivable
发表于 2025-3-23 11:53:27
den.. Die möglichen Ursachen der Fehler und verschiedene Möglichkeiten zur Lösung dieser Probleme werden im Folgenden genauer untersucht. Seitens der Kritiker der Ratingagenturen werden verschiedene Vorschläge unterbreitet, um die Aussagekraft und die Validität ihrer Ratings zu erhöhen und damit das
翻动
发表于 2025-3-23 14:00:30
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全国性
发表于 2025-3-23 18:24:56
to theory, estimate the creditworthiness of companies of arbitrary age (or arbitrary lifetime), introduce discounting of the financial flows, using the correct discount rate, etc. This allows us to use the powerful tools of the BFO theory in the rating. All these create a new base for rating methodo
大猩猩
发表于 2025-3-24 00:03:37
ailed study of the dependence of the weighted average cost of capital of WACC, used asthe discount rate for discounting financial flows, on the financial ratios used in the rating, on the age of the company, on the leverage level and on the level of taxation for a wide range of values of equity cost
obstinate
发表于 2025-3-24 05:58:18
t of a company. The first serious study (and first quantitative study) of the influence of capital structure of the company on its indicators of activities was the work by Modigliani and Miller (1958). Until this study, the approach existed (let us call it traditional), which was based on empirical
Fillet,Filet
发表于 2025-3-24 07:28:15
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Graphite
发表于 2025-3-24 12:18:50
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愤慨点吧
发表于 2025-3-24 16:56:40
ng categories across issuers—are surely part of the explanation. But, for the past 26 years, regulatory restrictions (by the Securities and Exchange Commission) on who can be a “nationally recognized statistical rating Organization” (NRSRO) have surely also played a role..A curious part of the behav
FUSE
发表于 2025-3-24 19:22:08
to Japanese corporations by the Japanese rating agencies with those assigned by their principal foreign competitors. Nevertheless, if Packer’s interpretation of the reason for the differences is correct; that has important implications for bank supervisor’s use of ratings.
subordinate
发表于 2025-3-25 01:49:21
below investment grade borrowers) severely misprices risk within that bucket and calls, at a minimum, for that bucket to be split into two. After the revisions in early 2001, we acknowledge the improved risk bucket guidelines, but still conclude that several of the new rating categories carry underw