 | Sovereign Ceilings "Lite"? The Impact of Sovereign Ratings on Corporate Ratings in Emerging Market Economies Author/Editor: Eduardo Borensztein, Patricio Valenzuela, Kevin Cowan. Release Date:April, 2007 Although credit rating agencies have gradually moved away from a policy of never rating a private borrower above the sovereign (the sovereign ceiling) it appears that sovereign ratings remain a more...
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