Rating through-the-cycle: what does the concept imply for rating stability and accuracy?


Credit rating agencies (CRAs) can achieve rating stability by either employing a forward looking through-the-cycle (TTC) methodology or simply postponing necessary rating changes. Together with my co-author John Kiff from the International Monetary Fund, we explore this trade-off first theoretically and then empirically, using a large international sample of banks’ internal TTC ratings.

The seminar will first consist of a 45min finance talk, followed by a 30min panel discussion.

Coffee and sweet snacks will be served.

Register via finansbergen@nhh.no 

Registration deadline: Friday 18 January 2019