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Time series properties of corporate credit rating transitions by regions and rating agencies

  • Gyu Sik Han*
  • , Young Kyu Kim
  • *Corresponding author for this work
  • National Pension Service Investment Management

Research output: Contribution to journalJournal articlepeer-review

Abstract

The study confirms the time series properties of the credit rating transitions and finds commonalities and differences across regions and rating agencies. Significant differences were found between regions but not between rating agencies.

Original languageEnglish
Pages (from-to)359-365
Number of pages7
JournalApplied Economics Letters
Volume33
Issue number3
DOIs
StatePublished - 2026

Keywords

  • credit ratings
  • credit ratings transition matrix
  • time series
  • time-homogeneous Markov Chain
  • unit root test

Quacquarelli Symonds(QS) Subject Topics

  • Economics & Econometrics

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