A credit rating as a measure of the capability of a country to meet its liabilities – in the presence of the financial crisis
Rating is granted to many institutions – including the institution of a state – in the actual fact, it includes the ceiling of sovereign bonds. The evaluation of creditworthiness of a country conducted by rating agencies easies the issuance activity to a large extent. After all, rating is an objecti...
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| Format: | Article |
| Language: | English |
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WSB University in Torun
2011-12-01
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| Series: | Torun Business Review |
| Subjects: | |
| Online Access: | https://tbr.wsb.torun.pl/index.php/journal/article/view/170 |
| _version_ | 1818585941464317952 |
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| author | Jolanta Ciak |
| author_facet | Jolanta Ciak |
| author_sort | Jolanta Ciak |
| collection | DOAJ |
| description | Rating is granted to many institutions – including the institution of a state – in the actual fact, it includes the ceiling of sovereign bonds. The evaluation of creditworthiness of a country conducted by rating agencies easies the issuance activity to a large extent. After all, rating is an objective and independent measure of credit risk of a given country willing to take a loan on the market. Furthermore, rating is an opinion concerning the possibility of a country serving its financial liabilities. The financial crisis in the world, manifesting itself in the decrease of gross national product in many countries, revealed the weak sides of world economy. The effect is overall economic debilitation as well as the decreased rating of particular countries. |
| first_indexed | 2024-12-16T08:45:04Z |
| format | Article |
| id | doaj.art-c6ba014044234511bb62e77b19bbca0c |
| institution | Directory Open Access Journal |
| issn | 1643-8175 2451-0955 |
| language | English |
| last_indexed | 2024-12-16T08:45:04Z |
| publishDate | 2011-12-01 |
| publisher | WSB University in Torun |
| record_format | Article |
| series | Torun Business Review |
| spelling | doaj.art-c6ba014044234511bb62e77b19bbca0c2022-12-21T22:37:36ZengWSB University in TorunTorun Business Review1643-81752451-09552011-12-0110102940112A credit rating as a measure of the capability of a country to meet its liabilities – in the presence of the financial crisisJolanta Ciak0WSB University in Torun ul Młodzieżowa 31a 87-100 ToruńRating is granted to many institutions – including the institution of a state – in the actual fact, it includes the ceiling of sovereign bonds. The evaluation of creditworthiness of a country conducted by rating agencies easies the issuance activity to a large extent. After all, rating is an objective and independent measure of credit risk of a given country willing to take a loan on the market. Furthermore, rating is an opinion concerning the possibility of a country serving its financial liabilities. The financial crisis in the world, manifesting itself in the decrease of gross national product in many countries, revealed the weak sides of world economy. The effect is overall economic debilitation as well as the decreased rating of particular countries.https://tbr.wsb.torun.pl/index.php/journal/article/view/170country rating, financial crisis, liabilities, securities |
| spellingShingle | Jolanta Ciak A credit rating as a measure of the capability of a country to meet its liabilities – in the presence of the financial crisis Torun Business Review country rating, financial crisis, liabilities, securities |
| title | A credit rating as a measure of the capability of a country to meet its liabilities – in the presence of the financial crisis |
| title_full | A credit rating as a measure of the capability of a country to meet its liabilities – in the presence of the financial crisis |
| title_fullStr | A credit rating as a measure of the capability of a country to meet its liabilities – in the presence of the financial crisis |
| title_full_unstemmed | A credit rating as a measure of the capability of a country to meet its liabilities – in the presence of the financial crisis |
| title_short | A credit rating as a measure of the capability of a country to meet its liabilities – in the presence of the financial crisis |
| title_sort | credit rating as a measure of the capability of a country to meet its liabilities in the presence of the financial crisis |
| topic | country rating, financial crisis, liabilities, securities |
| url | https://tbr.wsb.torun.pl/index.php/journal/article/view/170 |
| work_keys_str_mv | AT jolantaciak acreditratingasameasureofthecapabilityofacountrytomeetitsliabilitiesinthepresenceofthefinancialcrisis AT jolantaciak creditratingasameasureofthecapabilityofacountrytomeetitsliabilitiesinthepresenceofthefinancialcrisis |