The paper analyses the potential reputational damages suffered by the ratin agencies as a consequence of the sub-prime crisis. The reputational damage is valued by measuring the price impact of rating action before, during and after the bulk of the crisis period.
Aftermath of the subprime crisis: reputational damages suffered by major and minor agencies
DE VINCENTIIS, Paola;PIA, Patrizia
2015-01-01
Abstract
The paper analyses the potential reputational damages suffered by the ratin agencies as a consequence of the sub-prime crisis. The reputational damage is valued by measuring the price impact of rating action before, during and after the bulk of the crisis period.
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