RT Journal Article
SR Electronic
T1 Issuer Assessments of Credit Rating Agencies by Investment Grade
JF The Journal of Investing
FD Institutional Investor Journals
SP 55
OP 63
DO 10.3905/joi.2002.319495
VO 11
IS 1
A1 H. Kent Baker
A1 Sattar A. Mansi
YR 2002
UL https://pm-research.com/content/11/1/55.abstract
AB The authors examine the views of investment and non-investment grade industrial bond issuers about the four leading U.S. credit rating agencies. The issuers differ significantly in their attitudes about the rating agencies. While respondents are generally satisfied with the performance of credit rating agencies, their level of satisfaction is higher for S&P than for Moody's. The results have implications for bond market participants who rely on credit ratings for corporate financing, investment decisions, and risk management.