Do Rating Agencies Behave Defensively for Higher Risk Issuers?

Samuel B. Bonsall, Kevin Koharki, Pepa Kraft, Karl A. Muller, Anywhere Sikochi. Do Rating Agencies Behave Defensively for Higher Risk Issuers?. Management Science, 69(8):4864-4887, August 2023. [doi]

Abstract

Abstract is missing.