{"product_id":"rating-change-probabilities-an-empirical-analysis-of-sovereign-ratings-von-alex-bergen-1","title":"Rating change probabilities: An empirical analysis of sovereign ratings","description":"\u003cp\u003eBachelor Thesis from the year 2012 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,0, University of Mannheim, language: English, abstract: In my Bachelor thesis I analyze the determinants of rating changes and the variables'marginal effects on rating change probabilities. Based on my results, I present transition matrices by computing transition probabilities. Furthermore, I analyze subsamples of my data set, conditional on the business cycle and the economic strength of a country, by using interaction effects. I thereby verify whether or how the transition matrices change by including interaction effects.\u003c\/p\u003e\u003cp\u003eI apply a latent variable approach, using an ordered probit model, to calculate the effects of different variables on the probabilities of rating changes.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783656470823\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783656470823","offer_id":39432563916893,"sku":"9783656470823","price":27.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/ec6a23d4-9d45-4654-80f0-6189f06b08bf.jpg?v=1778048998","url":"https:\/\/shop.autorenwelt.de\/products\/rating-change-probabilities-an-empirical-analysis-of-sovereign-ratings-von-alex-bergen-1","provider":"Autorenwelt Shop","version":"1.0","type":"link"}