Banks’ Credit Ratings – Domestic and Foreign Notes

• Authors: Patrycja Chodnicka-Jaworska

Title variants

PL

Credit ratingi banków – noty dotyczące zobowiązań w walucie krajowej i zagranicznej

• Languages of publication: EN

Abstracts

EN

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.

PL

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.

Keywords

EN

credit rating; default risk; financial indicators; banking sector

PL

credit rating; ryzyko upadłości; wskaźniki finansowe; sektor bankowy

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
• Journal: Argumenta Oeconomica Cracoviensia
• Year: 2018
• Issue: 18
• Pages: 99-113

Contributors

author

Patrycja Chodnicka-Jaworska

• Uniwersytet Warszawski, Wydział Zarządzania, Zakład Bankowości i Rynków Pieniężnych, ul. Krakowskie Przedmieście 30, 00-927 Warszawa, Poland

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Identifiers

DOI

10.15678/AOC.2018.1806