Rating through-the-cycle : what does the concept imply for rating stability and accuracy? /

"Credit rating agencies face a difficult trade-off between delivering both accurate and stable ratings. In particular, its users have consistently expressed a preference for rating stability, driven by the transactions costs induced by trading when ratings change frequently. Rating agencies gen...

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Bibliographic Details
Main Authors: Kiff, John (Author), Kisser, Michael (Author), Schumacher, Liliana (Author)
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: Book
Language:English
Published: [Washington, D.C.] : International Monetary Fund, ©2013
Washington, D.C. : 2013
[Washington, District of Columbia] : [2013]
Series:IMF Working Papers ; Working Paper No. 13/64
IMF Working Papers; Working Paper ; No. 2013/064
IMF eLibrary
IMF working paper ; WP/13/64
IMF working paper WP/13/64
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