Does credit rating agency reputation matter in China's local government bond market?
All issuers in China's local government bond market, which is nascent but growing rapidly, have the same AAA ratings. However, we provide evidence that the credit rating agency's reputation can certify differences in ratings' reliability and further impact bond pricing. On the basis o...
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| Main Authors: | , , |
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| Format: | Article |
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PUBLIC LIBRARY SCIENCE
2022
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| Subjects: | |
| Online Access: | http://eprints.um.edu.my/40417/ https://doi.org/10.1371/journal.pone.0274828 |
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