The informational content of 'non-rated' issuer ratings

This paper examines a distinct category of issuers ratings by the Standard & Poor’s credit rating agency – the event of ‘Non-rated’ or ‘NR’ designations. Interest generated in this topic stems from the general believe that issuers who are dissatisfied with S&P’s proposed issuer ratings are...

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Bibliographic Details
Main Author: Dawne, Siau
Other Authors: Tan, Kok Hui
Format: Theses and Dissertations
Language:English
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/7660
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Institution: Nanyang Technological University
Language: English
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Summary:This paper examines a distinct category of issuers ratings by the Standard & Poor’s credit rating agency – the event of ‘Non-rated’ or ‘NR’ designations. Interest generated in this topic stems from the general believe that issuers who are dissatisfied with S&P’s proposed issuer ratings are likely to publish an ‘NR’ rating at a given point in time.