Naslov
Determinants of sovereign credit ratings: evidence from CEE countries

Autori
Jošić, Hrvoje ; Mlinarić, Danijel

Izvornik
Ekonomski vjesnik (0353-359X) 31 (2018), 2; 319-335

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, prethodno priopćenje, znanstveni

Ključne riječi
Sovereign credit rating determinants, CEEC, panel data

Sažetak
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, infl ation, unemployment, public debt to GDP and external debt to GDP variables play a major role in determining sovereign credit ratings.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA