Boumparis, Periklis, Milas, Costas, Panagiotidis, Theodore, (2015), “Has the crisis affected the behavior of the rating agencies?-Panel Evidence from the Eurozone”, University of Macedonia, Discussion Paper No. 4/2015, Νοέμβριος
We examine the determinants of credit ratings for the Eurozone countries over the period 2002-2013 within a panel framework that allows for cross-sectional dependence. We find that government debt and the cumulative current account exert a stronger impact on ratings post- 2008 compared to the period before.
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