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Macroeconomics determinants of sovereign credit ratings


Soh, Wei Chee and Cheng, Fan Fah and Md. Nassir, Annuar (2015) Macroeconomics determinants of sovereign credit ratings. International Business Research, 8 (2). pp. 42-50. ISSN 1913-9004; ESSN: 1913-9012


The objective of this paper is to identify the determinants of sovereign credit rating. This study including 53 countries in the study covers from year 2000 to 2011. This study examines nine macroeconomic variables and extended by using three qualitative variables, i.e., history of default, economic development and economic freedom. The results are consistent with previous studies that some macroeconomics variables are determinants of rating. Furthermore, the economic freedom variable serves as a vital factor in determining sovereign credit rating that has been overlooked by the previous studies. This study has added new findings and indicates that the economic freedom of country is decisive factor in assessment.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.5539/ibr.v8n2p42
Publisher: Canadian Center of Science and Education
Keywords: Sovereign credit rating; Macroeconomic; Economic freedom variable
Depositing User: Ms. Nuraida Ibrahim
Date Deposited: 08 Apr 2021 02:44
Last Modified: 08 Apr 2021 02:44
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.5539/ibr.v8n2p42
URI: http://psasir.upm.edu.my/id/eprint/45381
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