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Changing credit rating standards in the UK: Empirical evidence from 1999 to 2004 (2009)
Journal Article
Gonis, E., & Taylor, P. (2009). Changing credit rating standards in the UK: Empirical evidence from 1999 to 2004. Applied Financial Economics, 19(3), 213-225. https://doi.org/10.1080/09603100802298018

In recent years, the number of downgrades in UK corporate credit ratings has exceeded the number of upgrades, leading some to conclude that the credit quality of UK companies has deteriorated. However, another explanation is that the credit rating ag... Read More about Changing credit rating standards in the UK: Empirical evidence from 1999 to 2004.