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Chodnicka-Jaworska Patrycja (University of Warsaw, Poland)
Banks' Credit Ratings - Domestic and Foreign Notes
Credit ratingi banków - noty dotyczące zobowiązań w walucie krajowej i zagranicznej
Argumenta Oeconomica Cracoviensia, 2018, no 18, s. 99-113, tab., bibliogr. 21 poz.
Ocena zdolności kredytowej, Wskaźniki finansowe, Sektor bankowy
Credit rating, Financial indicators, Banking sector
JEL Classification: G21, G24, G32, G33
summ., streszcz.
Celem artykułu jest analiza różnic w notach dotyczących zobowiązań wyrażonych w walucie krajowej i zagranicznej. Przeprowadzono badania literaturowe i postawiono następującą hipotezę badawczą: wskaźniki finansowe silniej wpływają na credit rating banku dotyczący zobowiązań w walucie krajowej niż zagranicznej. Hipoteza została zweryfikowana z użyciem panelowych uproszczonych modeli probitowych. Analiza została przygotowana dla długoterminowych ratingów emitenta europejskich banków, które zostały nadane przez S&P, Fitch i Moody w latach 2000-2015. (abstrakt oryginalny)

The aim of the paper is to analyse the differences between foreign and domestic notes given to banks by credit rating agencies. Following a literature review, the following hypothesis was proposed: Financial indicators have a stronger impact on the credit ratings of domestic rather than of foreign banks. The hypothesis was verified using panel ordered probit models. The analysis was based on European banks' long-term issuer credit ratings given by S&P, Fitch and Moody between 2000 and 2015. (original abstract)
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