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The notching rule for subordinated debt and the information content of debt rating
- Source :
- Financial Management. Summer, 2010, Vol. 39 Issue 2, p489, 25 p.
- Publication Year :
- 2010
-
Abstract
- This paper provides new evidence regarding the information content of debt ratings. We show that noninvestment grade subordinated issues are consistently priced too high (the yield is too low), and [...]
Details
- Language :
- English
- ISSN :
- 00463892
- Volume :
- 39
- Issue :
- 2
- Database :
- Gale General OneFile
- Journal :
- Financial Management
- Publication Type :
- Periodical
- Accession number :
- edsgcl.235406194