Browsing Video Library by Author "Goel, Anand"
Now showing items 1-1 of 1
-
Why are credit ratings coarse?
Goel, Anand (Indian Institute of Management Ahmedabad, 2013-08-14)An enduring puzzle is why credit ratings are coarse indicators of issuer credit quality, with a relatively small number of ratings categories being used to describe credit qualities that lie in a continuum. We develop a ...