The Impact of Credit Watch and Bond Rating Changes on Abnormal Stock Returns for Non-USA Domiciled Corporations

• Main Author: EE, Benjamin Boon Ching
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2008
• Subjects: credit ratings; cumulative abnormal return (CAR); investment analysis; rate of return; stocks; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/etd_coll/44; https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1043&context=etd_coll
• Institution: Singapore Management University

In this paper, we investigate whether credit watches and bond rating changes issued by Moodys' and S&P Credit Rating Agencies provide significant new information to investors for Non-USA domiciled corporations. We also examine whether the stock related cumulative abnormal return (CAR) diffe...