Determinants of sovereign credit ratings: Evidence from CEE countries
The goal of this paper is investigating determinants of the sovereign credit ratings in Central and Eastern European countries (CEEC). Sovereign credit ratings are important to determine a country’s financial ability to meet its obligations. It is important to know which determinants affect sovereig...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics and Business in Osijek
2018-01-01
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| Series: | Ekonomski Vjesnik |
| Subjects: | |
| Online Access: | http://hrcak.srce.hr/file/313386 |
| _version_ | 1797333535896371200 |
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| author | Hrvoje Jošić Danijel Mlinarić |
| author_facet | Hrvoje Jošić Danijel Mlinarić |
| author_sort | Hrvoje Jošić |
| collection | DOAJ |
| description | The goal of this paper is investigating determinants of the sovereign credit ratings in Central and Eastern European countries (CEEC). Sovereign credit ratings are important to determine a country’s financial ability to meet its obligations. It is important to know which determinants affect sovereign credit ratings and consequently the conditions under which a country can borrow on the financial market. The analysis is made on the sample of 11 CEEC countries over a period of 17 years, from 2000 to 2016. The determinants of three main global credit agencies (Standard and Poors’s Rating Services, Moody’s and Fitch) have been investigated using the linear OLS method for unbalanced panel. The results of the analysis have shown that GDP growth, GDP per capita, inflation, unemployment, public debt to GDP and external debt to GDP variables play a major role in determining sovereign credit ratings. |
| first_indexed | 2024-03-08T08:06:23Z |
| format | Article |
| id | doaj.art-373764241a4a449496836641944aa74f |
| institution | Directory Open Access Journal |
| issn | 0353-359X 1847-2206 |
| language | English |
| last_indexed | 2024-03-08T08:06:23Z |
| publishDate | 2018-01-01 |
| publisher | Faculty of Economics and Business in Osijek |
| record_format | Article |
| series | Ekonomski Vjesnik |
| spelling | doaj.art-373764241a4a449496836641944aa74f2024-02-02T10:38:14ZengFaculty of Economics and Business in OsijekEkonomski Vjesnik0353-359X1847-22062018-01-01312319335Determinants of sovereign credit ratings: Evidence from CEE countriesHrvoje Jošić0Danijel Mlinarić1University of Zagreb, Faculty of Economics and Business, Zagreb, CroatiaUniversity of Zagreb, Faculty of Economics and Business, Zagreb, CroatiaThe goal of this paper is investigating determinants of the sovereign credit ratings in Central and Eastern European countries (CEEC). Sovereign credit ratings are important to determine a country’s financial ability to meet its obligations. It is important to know which determinants affect sovereign credit ratings and consequently the conditions under which a country can borrow on the financial market. The analysis is made on the sample of 11 CEEC countries over a period of 17 years, from 2000 to 2016. The determinants of three main global credit agencies (Standard and Poors’s Rating Services, Moody’s and Fitch) have been investigated using the linear OLS method for unbalanced panel. The results of the analysis have shown that GDP growth, GDP per capita, inflation, unemployment, public debt to GDP and external debt to GDP variables play a major role in determining sovereign credit ratings.http://hrcak.srce.hr/file/313386sovereign credit rating determinantsCEECpanel data |
| spellingShingle | Hrvoje Jošić Danijel Mlinarić Determinants of sovereign credit ratings: Evidence from CEE countries Ekonomski Vjesnik sovereign credit rating determinants CEEC panel data |
| title | Determinants of sovereign credit ratings: Evidence from CEE countries |
| title_full | Determinants of sovereign credit ratings: Evidence from CEE countries |
| title_fullStr | Determinants of sovereign credit ratings: Evidence from CEE countries |
| title_full_unstemmed | Determinants of sovereign credit ratings: Evidence from CEE countries |
| title_short | Determinants of sovereign credit ratings: Evidence from CEE countries |
| title_sort | determinants of sovereign credit ratings evidence from cee countries |
| topic | sovereign credit rating determinants CEEC panel data |
| url | http://hrcak.srce.hr/file/313386 |
| work_keys_str_mv | AT hrvojejosic determinantsofsovereigncreditratingsevidencefromceecountries AT danijelmlinaric determinantsofsovereigncreditratingsevidencefromceecountries |