logo SBA

ETD

Archivio digitale delle tesi discusse presso l’Università di Pisa

Tesi etd-05212019-145648


Tipo di tesi
Tesi di laurea magistrale
Autore
CECCHI, NICCOLO
URN
etd-05212019-145648
Titolo
Variazioni del sovereign credit rating nell'area Euro: effetti su imprese appartenenti a settori economici differenti
Dipartimento
ECONOMIA E MANAGEMENT
Corso di studi
BANCA, FINANZA AZIENDALE E MERCATI FINANZIARI
Relatori
relatore Prof. Vannucci, Emanuele
Parole chiave
  • agenzie di rating
  • credit rating
  • sovereign credit rating
Data inizio appello
10/06/2019
Consultabilità
Completa
Riassunto
This paper analyses the effects of a change in the sovereign credit rating on companies belonging to different economic sectors. The intent is to describe the rating industry, explaining its social role and the responsibility it has had from the outset. The first part of the thesis focuses on the role of agencies in contributing to the reduction of the information gap between issuers and investors, and then continues with the description of these entities and their historical path to date.
The central part of the text deals with the rating determination process, mainly focusing on the methodologies used to assess the creditworthiness of an issuer.
The final part examines the effects of a change in sovereign credit rating on the solvency of companies belonging to different economic sectors, applying this concept to the Italian, Spanish and German context.
File